An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date (prior to the current pay period) are $27,800, $33,200, and $6,850. During the current pay period, these employees earn $3,200, $2,950, and $1,620, respectively. The applicable SUTA tax rate is 3.4%, and the New Jersey SUTA threshold is $35,300. FUTA Tax _____ SUTA Tax _____

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A: Calculation of SUTA , FUTA  tax are as follows.

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A: Calculation of SUTA tax are as follows

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Q: the following; round your answers to the nearest cent.

A: As we know, SUTA tax = $ 7182 Net FUTA tax for 2015 = $ 520.20

Q: The form below shows the amounts that appear in the Earnings to Date column of the employees'…

A: 1a.

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A: The Federal Unemployment Tax Act (FUTA) is payable on an employee's first $7,000 of income.

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