Use the net futa tax rate of 0.6% on the first $7,000 of taxable wages. Faruga company had FUTA taxable payrolls for the four quarters of 2019 of $28,400; $19,600; $16,500; and $8,900, respectively. the company was located in a state that was subject to a futa credit reduction of 1.5%. what was the amount of faruga's first required deposit of FUTA taxes? round your answer to two decimal places.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.