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Howard Murphy is the owner of Stormy Banana Films in West Hollywood, California. Stormy Banana Films had 15 employees with total annual wages of $220,750
Howard Murphy is the owner of Stormy Banana Films in West Hollywood, California. Stormy Banana Films had 15 employees with total annual wages of $220,750 (no one exceeded the Medicare tax surcharge or Social Security cap). The FUTA rate for California in 2018 is 2.2 percent because it is a credit reduction state. Stormy Banana Films has a SUTA rate of 3.2 percent for 2018 with a wage base of $7,000.
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Compute the following employer taxes. (Round your answers to 2 decimal places)
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