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An appliance company has three installers. Larry earns $345 per week, Curly earns $430 per week, and Moe earns $575 per week. The company's
An appliance company has three installers. Larry earns $345 per week, Curly earns $430 per week, and Moe earns $575 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings. (a) How much SUTA and FUTA tax (in 5) does the company owe for the first quarter of the year? total SUTA tax $947.70 total FUTA tax $105 30 (b) How much SUTA and FUTA tax (in 5) does the company owe for the second quarter of the year? total SUTA tax total FUTA tax
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