CPP 5-1 (#1) Calculate and Record Employer Payroll Taxes Calculate employer's total FUTA and SUTA tax. As TCLM Industries operates in North Carolina, assume a SUTA tax rate of 1.2% and a taxable earings 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: 50 Calvin Bell: 520.478.57 David Alexander $198.450 Michael Sierra: 5117,600 1 Zachary Fox X FUTA SUTA tax = 5 2 Calvin Bell FUTA SUTA LAX 3. David Alexander FUTA TAX SUTA tax 4: Michael Sierra FUTA SUTA tax CPP 5-1 (#1) Calculate and Record Employer Payroll Taxes Calculate employer's total FUTA and SUTA tax. As TCLM Industries operates in North Carolina, assume a SUTA tax rate of 1.2% and a taxable earings 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: 50 Calvin Bell: 520.478.57 David Alexander $198.450 Michael Sierra: 5117,600 1 Zachary Fox X FUTA SUTA tax = 5 2 Calvin Bell FUTA SUTA LAX 3. David Alexander FUTA TAX SUTA tax 4: Michael Sierra FUTA SUTA tax