FUTA $215,600 X 0.006 = $1,293.60 SUTA $255,700 x 0.056 14,319.20 Total taxes $15,612.80 2. Kresloff Company has only two employees and is located in a state that has set an unemployment tax for the company of 4.8 percent on the first $12,000 of each employee's earnings. Both employees are paid the same amount each week ($900) and have earned $11,500 up to this week's pay. The unemployment taxes that the company must pay for this week's pay would be $48. FUTA tax (both over $7,000) - $0.00 SUTA tax ($1,000 * 0.048) - $48.00 ($500 of each employee's pay is under the state taxable limit of $12,000) In September Manson Paint Corporation began operations in a state that requires new employers of one or more individuals to pay a state unemployment tax of 3.5% of the first $7,000 of wages paid each employee An analysis of the company's payroll for the year shows total wages paid of $177,610. The salaries of the president and the vice president of the company were $20,000 and $15,000, respectively, for the four month period, but there were no other employees who received wages in excess of $7,000 for the four months. Included in the total wages were $900 paid to a director who only attended director meeting Mouring the year, 56,300 paid to the factory superintendent, and $2,000 in employee contributions to a cafeteria plan made on a pretax basis for both federal and state In addition to the total wages of $177,610, a payment of $2,430 was made to Andersen Accounting Company for an audit it performed on the company's books in December Compute the following; round your answers to the nearest cent. a. Net FUTA tax b. SUTA tax