An appliance company has three installers. Larry earns $395 per week, Curly earns $420 per week, and Moe earns $565 per week. The company's SUTA
An appliance company has three installers. Larry earns $395 per week, Curly earns $420 per week, and Moe earns $565 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 $) does the company owe for the first quarter of the year?
(b) How much SUTA and FUTA tax (in $) does the company owe for the second quarter of the year?
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Authors: Karen Wilken Braun, Wendy M. Tietz
2nd Custom Edition
1269396803, 978-1269396806
