The fedreal uneployment tax act is a payroll by employers on employees wages. The tax 6.0% on the first $7,000 an employee earn each year. If walmart has 1.5 million employees in the U. S., about how much does it pay in FUTA taxes annually

The U.S. pays $630,000,000 (or six hundred thirty million dollars) in FUTA taxes annually.

Step-by-step explanation:

First, we must find 6% of $7,000 to find the annual taxes per employee.

7,000 x 0.06 = $420

Therefore, each employee gets $420 in taxes per year.

Since there are 1.5 million employees, we need to multiply $420 by 1.5 million.

1,500,000 x 420 = $630,000,000

Therefore, the U.S. pays $630,000,000 in FUTA taxes annually.

Hope this helps! :D