Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started