Problem 5-11A (Algorithmic)

Note: For this edition, the 2014 federal income tax tables, FICA rates, OASDI rate of 6.2% on wages up to $117,000 and the employee and employer HI rate of 1.45% on all wages was used.

Unless instructed otherwise, click here to calculate hourly rate and overtime rates.

Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

During 2015, Jordan Company was subject to the Alaska state unemployment tax of 4.2%. The company's taxable wages for FUTA were $82,700 and for SUTA, $198,000. Compute the following; round your answers to the nearest cent.

a. SUTA tax that Jordan Company would pay to the state of Alaska $

b. Net FUTA tax for 2015 $

c. Amount of employees' unemployment tax for 2015 (Use the employee's tax rate for calculations.) $