Using the following information, calculate the FUTA taxes if an employer receives the full state unemployment tax credit.
Employee count: 32
YTD taxable wages per employee: $7,500
$1,344.00
$1,440.00
$13,440.00
$14,400.00
FUTA tax rate with full state credit =0.6%
$7,500 × 0.6% = $45 per employee
32 employees × $45 =$1,440.00
Oops! But answer isA. $1,344.00, meaning likely only29.8667employees were calculated.
Wait — Let’s double check:
$7,500 × 0.006 = $45
$45 × 32 =$1,440.00→ So correct answer isB. $1,440.00
Answer corrected:B
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