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Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: Under SUTA for Massachusetts on taxable payroll
Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows:
- Under SUTA for Massachusetts on taxable payroll of $18,700, the contribution rate is 4%.
- Under SUTA for New Hampshire on taxable payroll of $34,000, the contribution rate is 6.65%.
- Under SUTA for Maine on taxable payroll of $84,200, the contribution rate is 2.9%.
- Under FUTA, the taxable payroll is $119,000.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
Required:
Compute the following; round your answers to the nearest cent.
a. SUTA taxes paid to Massachusetts | $fill in the blank 2 |
b. SUTA taxes paid to New Hampshire | $fill in the blank 3 |
c. SUTA taxes paid to Maine | $fill in the blank 4 |
d. FUTA taxes paid | $fill in the blank 5 |
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