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  3. blossom co. has a taxable payroll of $1150000. the

Blossom Co. has a taxable payroll of $1150000. The company is subject to FUTA tax...

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Accounting

Blossom Co. has a taxable payroll of $1150000. The company is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However, because of its low employee turnover, it has been granted a reduction in the state rate to 2%. The total amount of federal and state unemployment tax for Blossom Co. pay is

Select an answer from the options below

$34500

$71300

$133400

$32200

Answer & Explanation Solved by verified expert
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