For each of the following independent circumstances calculate both the FUTA and SUTA tax owed by the employer: NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1:An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,850 and $2,950, respectively. The applicable SUTA tax rate is 1.5%, and the U.S. Virgin Islands SUTA threshold is $26,500. FUTA tax = $ SUTA tax = $ 72.00 - Correct

2:An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date (prior to the current pay period) are $26,900, $32,300, and $6,850. During the current pay period, these employees earn $3,800, $2,350, and $1,580, respectively. The applicable SUTA tax rate is 3.4%, and the New Jersey SUTA threshold is $34,400. FUTA tax = $ SUTA tax = $

3:An employer in Cincinnatti, Ohio employs two individuals, whose taxable earnings to date (prior to the current pay period) are $4,900 and $8,200. During the current pay period, these employees earn $2,900 and $1,700, respectively. The applicable SUTA tax rate is 2.5%, and the Ohio SUTA threshold is $9,500. FUTA tax = $ SUTA tax = $

4:An employer in Juneau, Alaska employs three individuals, whose taxable earnings to date (prior to the current pay period) are $36,000, $41,400, and $5,200. During the current pay period, these employees earn $3,750, $4,460, and $1,680, respectively. The applicable SUTA tax rate is 2.5%, and the Alaska SUTA threshold is $39,900. FUTA tax = $ SUTA tax = $