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Medal Points Compute the FUTA and SUTA taxes for both the employer and employee in the scenario below. Vermont Swimmers has a swimming camp in

Medal Points

Compute the FUTA and SUTA taxes for both the employer and employee in the scenario below.

Vermont Swimmers has a swimming camp in Woodstock, Vermont. FUTA wages are $13,035.42. Taxable SUTA wages are $15,932.18 on the first $_____ and experience rating is 5.4%. Michael Phelps has worked for Vermont Swimmers for over 5 years and earns $724.19 per week.

For Vermont Swimmers, compute both their total unemployment tax and, if applicable, the amount that would be withheld from Michael Phelps's weekly paycheck.

Note: Round all amounts to the nearest cent. If the answer is zero, enter "0". And use the Practice State SUTA Chart to complete the scenario.

Employer: Vermont Swimmers
Net FUTA tax

$

SUTA tax rate
Total unemployment tax

$

Employee: Michael Phelps State:
Employee unemployment tax

$

Medal Points

Assume instead that Michael Phelps lives in Hawaii and has wages of $1,200 per week. The amount of SUTA withheld from his check would be: $_____

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