NOTE: Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Aaron
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NOTE: Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Aaron Norman earned $24,900 for the year from Marcus Company. The company is subject to a SUTA tax of 4.7% on the first $9,900 of earnings. Determine:
| a) | the employer's FUTA tax on Norman's earnings __________. |
| b) | the employer's SUTA tax on Norman's earnings __________. |
*Please show your work so I understand how to get the answer. Thank you.
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