CPP 5-1 (#1) Calculate and Record Employer Payroll Taxes

Calculate employer's total FUTA and SUTA tax. As TCLH Industries operates in North Carolina, assume a SUTA tax rate of 1.2% and a taxable earnings threshold of $26,000. Current period taxable earnings for FUTA and SUTA taxes are the same as those for FICA taxes. Year-to-date taxable earnings for FUTA and SUTA taxes, prior to the current pay period, are as follows:

• Zachary Fox: $0
• Calvin Bell: $20,478.57
• David Alexander: $198,450
• Michael Sierra: $117,600
• Payroll Register

1:Zachary Fox FUTA tax = $ SUTA tax = $

2:Calvin Bell FUTA tax = $ SUTA tax = $

3:David Alexander FUTA tax = $ SUTA tax = $

4:Michael Sierra FUTA tax = $ SUTA tax =