payroll accounting PSa 5-5

For each of the following independent circumstances, calculate both the FUTA and SUTA tax owed by the employer: 1. An employer in the U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,700 and $2,650, respectively. The applicable SUTA tax rate is 4.0%, and the U.S. Virgin Islands SUTA threshold is $32,500. 2. An employer in Newark, NJ, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $28,700,$34,100, and $6,850. During the current pay period, these employees earn $3,200, $2,950, and $1,620, respectively. The applicable SUTA tax rate is 3.4%, and the New Jersey SUTA threshold is $36,200. 3. An employer in Cincinnati, OH, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $4,900 and $7,700. During the current pay period, these employees earn $2,800 and $1,900, respectively. The applicable SUTA tax rate is 2.5%, and the Ohio SUTA threshold is $9,000. 4. An employer in Juneau, AK, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $39,700,$45,100, and $5,200. During the current pay period, these employees earn $3,600. $4,200, and $1,200, respectively. The applicable SUTA tax rate is 2.5%, and the Alaska SUTA threshold is $43,600