Hobby Hut has three employees.  Find the amount subject FUTA and the amount of the FUTA for this pay period for each employee.  If the YTD is already more than $7000, then $0 is subject to FUTA and the FUTA TAX is $0. And the FUTA rate is at 6.0% or 0.006. Do not put dollars signs in your answers. Employee Year to Date Gross this Pay period Suject to FUTA FUTA Paul Braun 5999 1234               Jackie Prince 9856 2543               Flora Jones 3456 1009

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hobby Hut has three employees.  Find the amount subject FUTA and the amount of the FUTA for this pay period for each employee.  If the YTD is already more than $7000, then $0 is subject to FUTA and the FUTA TAX is $0. And the FUTA rate is at 6.0% or 0.006.

Do not put dollars signs in your answers.

Employee Year to Date Gross this Pay period Suject to FUTA FUTA
Paul Braun 5999 1234    
         
Jackie Prince 9856 2543    
         
Flora Jones 3456 1009    
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