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Instruction 5-1 Use the net FUTA tax rate of 0.6% on the first $7,000 of...

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Accounting

Instruction 5-1 Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Refer to Instruction 5-1. Michael Mirer worked for Dawson Company for six months this year and earned $11,200. The other six months he earned $6,900 working for McBride Company (a separate company). The amount of FUTA taxes to be paid on Mirer's wages by the two companies is: a) Dawson Company b) McBride Company

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