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Pedro Company was subject to the New Jersey state unemployment tax of 5.1%. The company's taxable wages for FUTA were $93,400 and for SUTA, $194,300.
Pedro Company was subject to the New Jersey state unemployment tax of 5.1%. The company's taxable wages for FUTA were $93,400 and for SUTA, $194,300. Compute the following; round your answers to the nearest cent.
a. SUTA tax that Pedro Company would pay to the state of New Jersey $fill in the blank 1
b. Net FUTA tax $fill in the blank 2
c. Amount of employees' unemployment tax (Use the employee's tax rate shown in Figure 5.1.)
NEW JERSEY | $1,000 in any year | 0.5%5.8% on first $39,800** | 0.705% (0.14% for disability ins; 0.565% for unempl. Comp/family leave/workforce development funds) on first $39,800 | 1 | 731 | 73 | 26 |
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