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Casa Restaurants of Las Cruces, New Mexico, has the following employees as of December 31: Employee Name A. Shelby M. Gomez C. Wardly E. Burgess
Casa Restaurants of Las Cruces, New Mexico, has the following employees as of December 31: Employee Name A. Shelby M. Gomez C. Wardly E. Burgess S. Black Annual Taxable Wages $ 48,120 $ 35,975 $ 22,350 $ 40,950 $ 32,295 Required: The company's SUTA tax rate is 4.25 percent and the wage base is $28,700. Mi Casa Restaurants FUT tax rate of 6 percent is subject for each employee? to a 5.4 percent reduction and applies to the first $7,000 of employee wages. What is the annual amount of FUT and SUTA taxes due
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