cable payroll of $24,000, the contribution oll of $79,000, the contribution rate is 2. 5,500. $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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SHOW
5-4A • LO 3, 4
See Example 5-7 on page 5-12
ME HOW
Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows:
1. Under SUTA for Massachusetts on taxable payroll of $18,000, the contribution rate is 4%.
2. Under SUTA for New Hampshire on taxable payroll of $24,000, the contribution rate is 6.65%.
3. Under SUTA for Maine on taxable payroll of $79,000, the contribution rate is 2.9%.
4. Under FUTA, the taxable payroll is $i03,500.
Compute:
$
2$
a. SUTA taxes paid to Massachusetts.
b. SUTA taxes paid to New Hampshire..
c. SUTA taxes paid to Maine
d. FUTA taxes paid..
2$
Transcribed Image Text:SHOW 5-4A • LO 3, 4 See Example 5-7 on page 5-12 ME HOW Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: 1. Under SUTA for Massachusetts on taxable payroll of $18,000, the contribution rate is 4%. 2. Under SUTA for New Hampshire on taxable payroll of $24,000, the contribution rate is 6.65%. 3. Under SUTA for Maine on taxable payroll of $79,000, the contribution rate is 2.9%. 4. Under FUTA, the taxable payroll is $i03,500. Compute: $ 2$ a. SUTA taxes paid to Massachusetts. b. SUTA taxes paid to New Hampshire.. c. SUTA taxes paid to Maine d. FUTA taxes paid.. 2$
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