Maeda Company has the following employees on the payroll

| July 29, 2018

1. Maeda Company has the following employees on the payroll:EmployeeNameMaritalStatusSemimonthlyPayrollWitholdingAllowancesAmal S $4,000 1Miguel M $5,000 3Byron S $4,600 2Hiroko M $6,500 4Using the information above:a. Calculate the FUTA tax liability for 2013. Assume that Maeda Company has paid all amounts due during the year.b.
If the payroll is consistent from quarter to quarter, how much would be
remitted in FUTA taxes in each of the four quarters in 2013?2.
Quince Company has book income of $120,000 properly determined in
accordance with financial accounting principles. The following
information is also available:• The company received a $10,000 dividend from a large publicly-traded domestic corporation of which it owns less than 20%.• Income tax expense on the financial statements was $30,000.• Depreciation expense on the financial statements is $25,000 less than depreciation expense determined using tax laws.• The company received life insurance proceeds of $15,000.• Charitable contributions of $20,000 were made.Determine the taxable income of Quince Company.

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