The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is $133, 320 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in S) for the payroll?

The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is $133, 320 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in S) for the payroll?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 6E: On January 21, the column totals of the payroll register for Great Products Company showed that its...

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The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA
credit. If its semimonthly payroll is $133, 320 and none was for payments to employees in excess
of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in $) for the payroll?

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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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