FUTA taxes represent a substantial cost burden to companies. This is particularly the case where mass layoffs are likely to increase the tax rate. Also, periodic increases to the taxable wage base also contribute to this burden. Assume that each employee listed in a particular row earns the same salary. For instance, if there are 100 employees and the average annual salary is $35,000, then, the annual salary for each employee in the row is $35,000. Number of Employees Prior to a Mass Layoff 4,046 5,950 3,094 952 417 Average Annual Salaries ($) 58,500 85,410 119,340 162,630 207,675 Number of Employees Following a Mass Layoff 3,682 5,177 2,846 838 296 Assume that the taxable wage base is $133,088 and the FUTA tax rate is 11.8 percent prior to a massive layoff. On an annual basis, the employer contributed $ 152965280.03 under the Federal Unemployment Act (FUTA). Round your response to the nearest hundredths place. After the layoff, assume that the taxable wage base is $146,396.80 and the FUTA tax rate is 12.98 percent. On an annual basis, the employer can expect to contribute $ 150985979.57 under the Federal Unemployment Act (FUTA). Round your response to the nearest hundredths place. Assume that the company restored its staffing levels to the pre-layoff amounts. The taxable wage base is $146,396.80 and the FUTA tax rate is 12.98 percent. On an annual basis, the employer can expect to contribute $under the Federal Unemployment Act (FUTA). Round your response to the nearest hundredths place. FUTA taxes represent a substantial cost burden to companies. This is particularly the case where mass layoffs are likely to increase the tax rate. Also, periodic increases to the taxable wage base also contribute to this burden. Assume that each employee listed in a particular row earns the same salary. For instance, if there are 100 employees and the average annual salary is $35,000, then, the annual salary for each employee in the row is $35,000. Number of Employees Prior to a Mass Layoff 4,046 5,950 3,094 952 417 Average Annual Salaries ($) 58,500 85,410 119,340 162,630 207,675 Number of Employees Following a Mass Layoff 3,682 5,177 2,846 838 296 Assume that the taxable wage base is $133,088 and the FUTA tax rate is 11.8 percent prior to a massive layoff. On an annual basis, the employer contributed $ 152965280.03 under the Federal Unemployment Act (FUTA). Round your response to the nearest hundredths place. After the layoff, assume that the taxable wage base is $146,396.80 and the FUTA tax rate is 12.98 percent. On an annual basis, the employer can expect to contribute $ 150985979.57 under the Federal Unemployment Act (FUTA). Round your response to the nearest hundredths place. Assume that the company restored its staffing levels to the pre-layoff amounts. The taxable wage base is $146,396.80 and the FUTA tax rate is 12.98 percent. On an annual basis, the employer can expect to contribute $under the Federal Unemployment Act (FUTA). Round your response to the nearest hundredths place
