A $5-2$ Determine the Taxable Earnings Subject to FUTA Tax

reach pay period, determine the taxable earnings subject to FUTA tax.

TE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

$1$: A business employs three individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$5,700,$$$8,000,$ and $$1,000.$ During the current pay period, these employees earn $$1,600,$$$3,460,$ and $$2,400,$ respectively.

Taxable earnings subject to FUTA tax $=$$

$2.$ A business employs two individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$2,400,$ and $$7,200.$ During the current pay period, these employees earn $$1,450$ and $$800,$ respectively.

Taxable earnings subject to FUTA tax $=$:

$3.$ A business employs three individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$26,700,$$$4,400,$ and $$6,850.$ During the current pay period, these employees earn $$2,570,$$$2,560,$ and $$3,320,$ respectively.

Taxable earnings subject to FUTA tax $=$ s