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 earn $880 and $675, respectively. FUTA tax = $

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Chapter7: Employee Earnings And Deductions
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Please answer question number 3 only. Calculate FUTA TAX Note: for simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places
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 earn $880 and $675, respectively.
FUTA tax = $
4
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 earn $940, $1,020, and $850, respectively.
FUTA tax = $
8.04
Transcribed Image Text: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 earn $880 and $675, respectively. FUTA tax = $ 4 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 earn $940, $1,020, and $850, respectively. FUTA tax = $ 8.04
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