Savannah owns and operates a consulting business. In the current year she had one employee...

70.2K

Verified Solution

Question

Accounting

Savannah owns and operates a consulting business. In the current year she had one employee to whom she paid wages of $14,000. Savannah contributed the required amount to her state for unemployment taxes (SUTA). What is her federal unemployment tax (FUTA) liability in the current year?
-434
-0
-84
-42
-868

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students