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 $24,300. 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

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 =

Payroll Register Pay Period 12/15/2019 Pay Date 12/19/2019 Earnings Deductions Employee Regular Regular Regular Overtime Overtime Overtime Total FWT SWT Social Medicare Vol. With Check Net Pay Name Hours Rate Earnings Hours Rate Earnings Earnings Security Number Fox, Z 40 $28.00 $1,120.00 $42.00 $42.00 $1,162.00 $67.00 $58.10 $72.04 $16.85 $32.00 092 $916.01 Bell, C 40 $7.30 $292.00 11.5 $10.95 $125.93 $417.93 $16.00 $19.64 $25.91 $6.06 $47.08 093 $303.24 Alexander, D n/a n/a $4,050.00 na n/a $4,050.00 $731.96 $178.20 S $81.23 $506.00 094 $2,552.61 Sierra, M n/a na $2,450.00 n/a n/a $2,450.00 $247.70 $120.00 $148.80 $34.80 $75.00 095 $1,823.70 S S S S 5 S S S S S S S S S S S S S S S S S S S Totals: $7,912.00 $167.93 $8,079.93 $1,062 66 $375.94 $246.75 $138.94 $660.08 $5,595.56