Answered step by step
Verified Expert Solution
Question
1 Approved Answer
My question is about FUTA and SUTA I was provided the following information and I am trying to calculate the monthly cost for both for
My question is about FUTA and SUTA
I was provided the following information and I am trying to calculate the monthly cost for both for the General Journal.
SUTA is 3.55% and FUTA .6% the wage cap is 7,000 but the employee has only reached a cumulative wage total of $6,493.91 that includes overtime pay.
Are the calculations based on regular hours or does it include overtime and how do I get the monthly cost?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started