In the following problems, use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. SUTA will be paid on the first 8,500 for ER with no limit for the EE.

Niemann Company has a SUTA tax rate for the ER is 7.1% and .03% for the EE. The taxable payroll for the year for FUTA and SUTA is $82,600. Assume that the total payroll for the year is also $82,600.

Question 1.1. The amount of FUTA tax for the year is (Points : 3)

$495.60 $5,864.60 $5,121.20 $4,460.40

Question 2.2. The amount of SUTA tax for the ER for the year is (Points : 3)

$660.80 $5,121.20 $5,864.60 $4,460.40

Question 3.3. The amount of SUTA tax deducted from the EE wages would be: (Points : 3)

$58.65 $33.04 $24.78 $66.08

Question 4.4.

Use the following information for #4 and 5

Stys Companys payroll for the year is $1,210,930. Of this amount, $510,710 is for wages paid in excess of $7,000 to each individual employee. The SUTA tax rate for the company is 3.2% on the first $7,000 of each employees earnings.

The amount of FUTA tax before the credit is: (Points : 3)

$4,201.32 $4,460.40 $527.00 $459.00

Question 5.5. The amount of the SUTA tax credit would be: (Points : 3)

$25,121.20 $1,660.80 $224.07 $22,407.04