The SUTA rate for Thomson Temp Agency is 5.4% and it’s FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is payroll is $135,320 and none was for payments to employees in excess of the $7,000 wage base, then what the total FUTA and SUTA taxes ( in $ ) for the payroll? What is the SUTA tax ? What is the FUTA tax ? What is the Total tax?
The SUTA rate for Thomson Temp Agency is 5.4% and it’s FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is payroll is $135,320 and none was for payments to employees in excess of the $7,000 wage base, then what the total FUTA and SUTA taxes ( in $ ) for the payroll? What is the SUTA tax ? What is the FUTA tax ? What is the Total tax?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The SUTA rate for Thomson Temp Agency is 5.4% and it’s FUTA rate is 6% less the 5.4% SUTA credit.
If its semimonthly payroll is payroll is $135,320 and none was for payments to employees in excess of the $7,000 wage base, then what the total FUTA and SUTA taxes ( in $ ) for the payroll?
What is the SUTA tax ?
What is the FUTA tax ?
What is the Total tax?
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