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Using the following information, calculate the FUTA tax liability:
Suggested Answer: B
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Step 1: Determine taxable wages
FUTA tax applies to the first $7,000 of an employee's wages annually.
Step 2: Calculate FUTA tax
FUTA rate: 0.6% (after state credit)
FUTA-taxable wages: $1,200.00
FUTA tax: $1,200 0.006 = $6.60
IRS Publication 15 (Employer's Tax Guide)
FUTA Tax Calculation Guide (Payroll.org)
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