Peroni Company paid wages of $165 400 this year

Peroni Company paid wages of $165 400 this year. Of this amount $116 800 was taxable for net FUTA and SUTA purposes. The state’s contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems the company did not make any SUTA payments until after the Form 940 filing date. (Compute the following; roun stop the nearest cent.(FUTA tax rate for employers is 0.6%)A. Amount of credit the company would receive against the FUTA tax for its SUTA contributions ……..$B. Amount that Peroni Company would pay to the federal government for its FUTA tax ……….$C. Amount that the company lost because of its late payments …..$


 

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