1.

Compute the total unemployment taxes for each company.

Note: Round all amounts to the nearest cent.

Skateboards for All is a skateboard and scooter store in Freeport, Maine. They paid wages of $64,670 in 2019 of which $38,041 are in excess of the FUTA limit. They have SUTA wages of $27,960 on the first $12,000 and an experience rating of 3.2%.

Employer: Skateboards for All
Net FUTA tax	$
SUTA tax
Total unemployment tax	$

Lovin' Football is a football equipment store in St. Cloud, Minnesota. They paid wages of $78,000 in 2019 of which $48,750 are in excess of the FUTA limit. They have SUTA wages of $36,563 on the first $12,000 of wages and have an experience rating of 3.4%.

Employer: Lovin' Football
Net FUTA tax	$
SUTA tax
Total unemployment tax	$

2.

Compute the FUTA and SUTA taxes for both the employer and employee in the scenario below.

Vermont Swimmers has a swimming camp in Woodstock, Vermont. FUTA wages are $15,185.70. Taxable SUTA wages are $18,560.30 on the first $ ..........and experience rating is 5.4%. Michael Phelps has worked for Vermont Swimmers for over 5 years and earns $843.65 per week.

For Vermont Swimmers, compute both their total unemployment tax and, if applicable, the amount that would be withheld from Michael Phelps's weekly paycheck.

Note: Round all amounts to the nearest cent. If the answer is zero, enter "0". And, use the link below to ensure that you have all the necessary unemployment information to complete the problem.

Practice State SUTA Chart

Employer: Vermont Swimmers
Net FUTA tax	$
SUTA tax
Total unemployment tax	$

Employee: Michael Phelps	State:
Employee unemployment tax	$

Additional Medal Points

Assume instead that Michael Phelps lives in Hawaii and has wages of $1,100 per week. The amount of SUTA withheld from his check would be? $ ...........