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What is Federal unemployment tax
Federal unemployment tax (FUTA) requires the payment of taxes to provide benefits for workers during periods of temporary unemployment. This is paid ONLY by employer. It can't be withheld from the pay of employees. Set by federal legislation. Current rate is 6.2% for the first $7,000 of wages paid to every employee during calendar year. Employer may take a credit of up to 5.4% for timely contributions to state unemployment funds. This leaves an effective FUTA rate of only 0.8%.
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what are the options of setting up companies chart of account
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Q. Traditional body of accounting theory? Presenting the traditional body of theory first as well as the conceptual framework second gives you a sense of the historical develop
Solution Manual
#quest1. Use the general journal to journalize the following transactions completed during July of the current year. 2. Post from the general journal to the general ledger. Using
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