Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $3,110. The state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas: Round your answer to two decimal places. a.  FUTA tax before the state tax credit $fill in the blank 1 b.  State unemployment tax $fill in the blank 2 c.  FUTA tax after the state tax credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $3,110. The state unemployment tax rate is 5.4 percent.

Calculate the following amounts for Thomas:

Round your answer to two decimal places.

a.  FUTA tax before the state tax credit $fill in the blank 1
b.  State unemployment tax $fill in the blank 2
c.  FUTA tax after the state tax credit

 

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