Asked by e
Taylor worked for ABC Construction Company and earned $18,500. Determine the unemployment tax (FUTA) base that would be paid by his employer.
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Answered by
GPT-5 mini
AI
The FUTA taxable wage base is $7,000 per employee. Since Taylor earned $18,500, the employer pays FUTA on $7,000.
(For reference: Gross FUTA at 6.0% = $420; with the maximum 5.4% state credit the net FUTA = 0.6% of $7,000 = $42.)
(For reference: Gross FUTA at 6.0% = $420; with the maximum 5.4% state credit the net FUTA = 0.6% of $7,000 = $42.)
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