Based on the range of possible SUTA tax rates and thresholds, which of the following circumstances could occur?
Based on the range of possible SUTA tax rates and thresholds, which of the following circumstances could occur?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc1addc0d-ad19-47e0-b731-19a33652960b%2F72d2209b-a8ea-4672-87d3-6f1e285cabc5%2Fga9o5ji_processed.png&w=3840&q=75)
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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