Based on the range of possible SUTA tax rates and thresholds, which of the following circumstances could occur?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 4: Based on the range of possible SUTA tax rates and thresholds, which of the following circumstances could occur?
Answer:
A.
O An employee who has year-to-date earnings of $57,100 pays 5.2% SUTA tax on the current period taxable pay.
An employee who has year-to-date earnings of $21,400 pays 22.5% SUTA tax on the current period taxable pay.
C.
O An employee who has year-to-date earnings of $26,300 pays 0% SUTA tax on the current period taxable pay.
D.
An employee who has year-to-date earnings of $4,300 pays 24.8% SUTA tax on the current period taxable pay.
B.
Transcribed Image Text:Question 4: Based on the range of possible SUTA tax rates and thresholds, which of the following circumstances could occur? Answer: A. O An employee who has year-to-date earnings of $57,100 pays 5.2% SUTA tax on the current period taxable pay. An employee who has year-to-date earnings of $21,400 pays 22.5% SUTA tax on the current period taxable pay. C. O An employee who has year-to-date earnings of $26,300 pays 0% SUTA tax on the current period taxable pay. D. An employee who has year-to-date earnings of $4,300 pays 24.8% SUTA tax on the current period taxable pay. B.
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