Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: Under SUTA for New Mexico on taxable
Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: Under SUTA for New Mexico on taxable payroll of $28,000, the contribution rate is 3.9%. Under SUTA for Colorado on taxable payroll of $23,000, the contribution rate is 2.95%. Under SUTA for Utah on taxable payroll of $65,000, the contribution rate is 4.1%. Under FUTA, the taxable payroll is $94,500. Compute the following; round your answers to the nearest cent. a. SUTA taxes paid to New Mexico $ b. SUTA taxes paid to Colorado $ c. SUTA taxes paid to Utah $ d. FUTA taxes paid $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started