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For each of the described pay periods, determine the taxable earnings subject to FUTA tax: NOTE:...

For each of the described pay periods, determine the taxable earnings subject to FUTA tax:

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

A business employs two individuals, whose taxable earnings to date (prior to the current pay period) are $3,000 and $31,400. During the current pay period, these employees earn $3,300 and $1,450, respectively. Taxable earnings subject to FUTA tax:

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jeff jeffy answered 7 months ago
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