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 _____

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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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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