In: Accounting
Kevin: | ||
Federal unemployment tax | $ - | |
State unemployment tax | $ - | |
Total for Kevin | $ - | |
Linda: | ||
Federal unemployment tax =(7000-6600)*0.8% = | $ 3.20 | |
State unemployment tax = (7000-6600)*5% = | $ 20.00 | |
Total for Kevin | $ 23.20 | |
Total for the corporation | $ 23.20 | Option [b] |