The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.0% less than the 5.4%  SUTA credit. If its weekly payroll is $54,174, and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll? the options are: a. 2830.44 b. 3250.44 c. 5377.84 d. 6175.84

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
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The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.0% less than the 5.4%  SUTA credit. If its weekly payroll is $54,174, and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll?

the options are:

a. 2830.44

b. 3250.44

c. 5377.84

d. 6175.84

When I look at this my brain turns to mush, any help is so much appreciated :)

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