Complete the following step: Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note : Round your final answers to nearest cent. KIPLEY COMPANY, INC. Employee Payroll
Complete the following step: Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note : Round your final answers to nearest cent. KIPLEY COMPANY, INC. Employee Payroll
Complete the following step: Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note : Round your final answers to nearest cent. KIPLEY COMPANY, INC. Employee Payroll
The State Unemployment Tax Act, better known as SUTA, is a form of payroll tax that all states require employers to pay for their employees. SUTA is a counterpart to FUTA, the federal unemployment insurance program.
Complete the following step:
Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay).
Note: Round your final answers to nearest cent.
KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20--
EARNINGS
DEDUCTIONS
NET PAY
Name
Gross
OASDI
HI
FIT
SIT
SUTA
CIT
SIMPLE
Grp. Ins.
Health Ins.
Ck. No.
Amount
Carson, F.
$700.00
$43.40
$10.15
$48.00
$21.49
$21.00
$20.00
Wilson, W.
897.04
55.62
13.01
68.00
27.54
26.91
50.00
Utley, H.
678.75
42.08
9.84
14.00
20.84
20.36
40.00
Fife, L.
877.10
54.38
12.72
33.00
26.93
26.31
50.00
Smith, L.
790.00
48.98
11.46
59.00
24.25
23.70
20.00
Fay, G.
539.15
33.43
7.82
0.00
16.55
16.17
40.00
Robey, G.
623.08
38.63
9.03
7.00
19.13
18.69
50.00
Schork, T.
773.08
47.93
11.21
51.00
23.73
23.19
60.00
Hardy, B.
666.11
41.30
9.66
14.00
20.45
19.98
30.00
Kipley, C.
1,000.00
62.00
14.50
43.00
30.70
30.00
80.00
Totals
$467.75
$109.40
$337.00
$231.61
$226.31
$440.00
----
Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
