Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help! Employee SUTA Contributions some states impose a contributions requirement on employees in addition to the contributions made by the employer: Computing an employee's

need help!

image text in transcribedimage text in transcribed
Employee SUTA Contributions some states impose a contributions requirement on employees in addition to the contributions made by the employer: Computing an employee's withholding is computationally no different than an employer's... taxable wages (those under the cap) times the state rate for employees. Let's investigate an individual that lives in New Jersey, whose monthly wages equal $1,725. Description calculation 1. Looking at the chart, in the Employee column, it provides the employee withholding rate (305% in New Jersey) and the withholding taxable wage cap (533,700 In New Jersey). 2t Taxable wages $1,715 a. New Jersey employee late 0.705% 4- Employee SUTA tax, rounded to the nearest cent $12.16 Give It A Try Using the amalgamated State SUTA chart, complete the following. Note: Round all amounts to the nearest cent. Rob Wiley lives in Alaska and has wages of $576.00 per week, State: Employee: Rob illllay \"a!\" I Tlxable wage up Ll SUTA hx \"/o L] Total unemployment on Warning: The provisions of the state laws are subject to change at any time. Contributions (On first $7,000 unless Benefits (Excluding Size of Firm (One otherwise indicated) dependency allowances) employee in spec- Waiting Max. Min. Max. ified time and/or Period per per Duration State size of payroll') Employer Min.-Max. Employee (weeks) Week Week (weeks) ALASKA any time 1.0%-5.4% on first $39,500 0.5% on first $39,500 - 370 56 26 CALIFORNIA* over $100 in any 1.5%-6.2% 1.0% on first $114,967 450 40 25 calendar quarter (disability ins) HAWAII any time 0.0%-5.6% on first $45,900 0.5% of maximum weekly wages - 619 5 26 of $1,068.62 not to exceed $5.34 per week (disability ins) NEW JERSEY $1,000 in any year 0.5%-5.8% on first $33,700** 0.705% (0.19% for disability 1 681 73 26 ins; 0.515% for unemplo family leave/workforce development funds) on first $33,700 NEW YORK $300 in any quarter 1.3%-9.1% on first $10,900** 0.5%-limit $0.60 weekly 420 100 26 PENNSYLVANIA 18 weeks or $225 in 2.3905%-11.0333% on first $10,000** 0.06% on total wages 573 35 26 any quarter PUERTO RICO any time 2.2%-5.4% 0.3% on first $9,000 133 7 26 (disability ins) RHODE ISLAND any time 1.1%-9.70% on first $23,000** 1.1% on first $69,300 1 566 49 26 (disability ins)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

25th Edition

1260247988, 978-1260247985

More Books

Students also viewed these Accounting questions

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago