1:An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $6,100 and $8,800. During the current pay period, these employees earn $1,450 and $2,000, respectively. The applicable SUTA tax rate is 2.1%, and the Delaware SUTA threshold is $16,500. FUTA tax = $ SUTA tax = $
1:An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $6,100 and $8,800. During the current pay period, these employees earn $1,450 and $2,000, respectively. The applicable SUTA tax rate is 2.1%, and the Delaware SUTA threshold is $16,500. FUTA tax = $ SUTA tax = $
1:An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $6,100 and $8,800. During the current pay period, these employees earn $1,450 and $2,000, respectively. The applicable SUTA tax rate is 2.1%, and the Delaware SUTA threshold is $16,500. FUTA tax = $ SUTA tax = $
1:An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $6,100 and $8,800. During the current pay period, these employees earn $1,450 and $2,000, respectively. The applicable SUTA tax rate is 2.1%, and the Delaware SUTA threshold is $16,500.
FUTA tax = $ SUTA tax = $
2:An employer in Bridgeport, Connecticut, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,500, $12,900, and $14,200. During the current pay period, these employees earn $2,200, $1,950, and $2,400, respectively. The applicable SUTA tax rate is 4.9%, and the Connecticut SUTA threshold is $15,000.
FUTA tax = $ SUTA tax = $
3:An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $1,420 and $28,500. During the current pay period, these employees earn $3,350 and $1,700, respectively. The applicable SUTA tax rate is 3%, and the U.S. Virgin Islands SUTA threshold is $28,900.
FUTA tax = $ SUTA tax = $
4:An employer in Durham, North Carolina, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $6,000, $22,600, and $35,800. During the current pay period, these employees earn $980, $1,600, and $1,150, respectively. The applicable SUTA tax rate is 1.2%, and the North Carolina SUTA threshold is $25,200.
FUTA tax = $ SUTA tax = $
Transcribed Image Text:For each of the following independent circumstances, calculate the FUTA tax owed by the employer.
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1: An employer in Cleveland, Ohio, employs two individuals, whose taxable eamings to date (prior to the current pay period) are $5,000 and $12,000. During the current pay
period, these employees eam $1,800 and $2,000, respectively.
FUTA tax =S
408.00
2 An employer in Nesconset, New York, employs three individuals, whose taxable earnings to date (prior to the current pay period) are S6,900, $1,000, and $24,200. During
the current pay period, these employees ean $2,400, $1,750, and $3,000, respectively.
FUTA tax =S
3: An employer in The U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $8,500, and $3,400 During the
current pay period, these employees eam $880 and $675, respectively.
FUTA tax = $
4: An employer in Cary. North Carolina, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,900, $8,900, and $6,600. During
the current pay period, these employees ean $940, $1,020, and $850, respectively.
FUTA tax S
Transcribed Image Text:For each of the following independent circumstances calculate the SUTA tax owed by the employer. Assume a SUTA tax rate of 3.4% and a taxable eamings threshold of $8,500.
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1: A-1 Framing employs three workers who, as of the beginning of the current pay period, have earmed $8,550, 58,200, and $7,400. Calculate SUTA tax for the current pay
period if these employees eam taxable pay of $1,000, $1,350, and $1,800, respectivety.
SUTA tax =S
2: Mrs. Fix-lt Corp. employs two workers who, as of the beginning of the current pay period, have earned $4,200 and $6,500. Calculate SUTA tax for the current pay period
if these employees eam taxable pay of $2,700 and $2,400, respectively.
SUTA tax = $
3: Burger Bites Restaurant employs 51 workers who, for the current pay period, earn total taxable pay of $87,450. Of this amount, only $11,000 are subject to SUTA tax, as
this is the portion of individual employee earnings that does not exceed the $8,500 threshold. Calculate SUTA tax based on these earnings.
SUTA taxS
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