Question
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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