PSA $5-3$ Calculate FUTA Tax

For each circumstances, calculate the FUTA tax owed by the employer:

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

An employer in San Diego, CA$,$ employs two individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$8,100$ and $$6,200.$ During the current pay period, these employees eam $$850$ and $$1,490,$ respectively.

FUTA tax$=$$$2,340,00,x$

An employer in Bloomington, IL$,$ employs three individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$51,500,532,420,$ and $$7,550.$ During the current pay period, these employees earn $$1,820,$$$2,310,$ and $$770,$ respectively.

FUTA tax$=9$

An employer in the U$.$S$.$ Virgin Islands employs two individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$920,$ and $$5,150.$ During the current pay period, these employees earn $$2,400$ and $$3,050,$ respectively

FUTA tax$=$

An employer in Essex, CT$,$ employs three individuals whose taxable earnings to date $($prior to the current pay period$)$ are $$7,000,$$$6,100,$ and $$9,400.$ During the current pay period, these employees earn $$750,$$$930,$ and $$1,250$ respectively.