payroll accounting PSa 5-2

PSa 5-2 Determine the Taxable Earnings Subject to FUTA Tax For each of the described pay periods, determine the taxable earnings subject to FUTA tax: 1. A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,700,$8,000, and $1,000. During the current pay period, these employees earn $1,800,$3,140, and $2,500, respectively. 2. A business employs two individuals, whose taxable earnings to date (prior to the current pay period) are $2,400 and $7,200. During the current pay period, these employees earn $1,250 and $750, respectively. 3. A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $26,700,$4,400, and $6,850. During the current pay period, these employees earn $2,320,$2,550, and $3,100, respectively