For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers. Peroni Company paid wages of $170-900 this year.

Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

Peroni Company paid wages of $170,900 this year. Of this amount, $114,000 was taxable for net FUTA and SUTA purposes. The state’s contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following; round your answers to the nearest cent.

a.

Amount of credit the company would receive against the FUTA tax for its SUTA contributions

$

b.

Amount that Peroni Company would pay to the federal government for its FUTA tax

$

c.

Amount that the company lost because of its late payments

$