Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Compute the total unemployment taxes for each company. Note: Round all amounts to the nearest cent. Clooney Pictures is a camera store in Freeport, Maine.

image text in transcribed

Compute the total unemployment taxes for each company. Note: Round all amounts to the nearest cent. Clooney Pictures is a camera store in Freeport, Maine. They paid a es of $64,384 in 2018 o which $37 873 are in excess of he F TAlim They have S TA wages o $27 637 on the fist $12,000 and an ex erence rating cf3.6% Employer: Clooney Pictures FUTA tax 1,002.13 SUTA tax Total unemployment tax Dulia's Pretty Women is a clothing store in St. Cloud, Minnesota. They paid wages of $77,856 in 2018 of which $48,660 are in excess of the FUTA limit. They have SUTA wages of $36,495 on the first $12,000 of wages and have an experience rating of 3.7%. Employer: Julia's Pretty Women FUTA tax SUTA tax 1,350.32 Total unemployment tax

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

Students also viewed these Accounting questions