Question
Peyton Company's payroll for the year is $739,680. Of this amount, $460,460 is for wages paid in excess of $7,000 to each individual employee. The
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Peyton Company's payroll for the year is $739,680. Of this amount, $460,460 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings.
Required:
Compute:
a. Net FUTA tax b. Net SUTA tax c. Total unemployment taxes
Round your answers to the nearest cent.
a. Net FUTA tax $fill in the blank 2 b. Net SUTA tax fill in the blank 3 c. Total unemployment taxes $fill in the blank 4
Peyton Company's payroll for the year is $739,680. Of this amount, $460,460 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings.
Required:
Compute:
a. Net FUTA tax b. Net SUTA tax c. Total unemployment taxes
Round your answers to the nearest cent.
| a. Net FUTA tax | $fill in the blank 2 | |
| b. Net SUTA tax | fill in the blank 3 | |
| c. Total unemployment taxes | $fill in the blank 4 |
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
9780273688761
