PSa $5-3$ Calculate FUTA Tax

For each of the following independent 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.

$1$:

An employer in Albany, New York, employs two individuals, whose taxable earnings to date $($prior to the current pay period$)$ are $$8,100$ and

$$6,200.$ During the current pay period, these employees earn $$750$ and $$1,620,$ respectively.

FUTA tax $=$ s

$2$:

An employer in Bloomington, Illinois, employs three individuals, whose taxable earnings to date $($prior to the current pay period$)$ are $$51,500,$

$$32,420,$ and $$7,550.$ During the current pay period, these employees earn $$1,800,$$$2,250,$ and $$740,$ respectively.

FUTA tax $=$ s

$3$:

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 $$5,150.$ During the current pay period, these employees earn $$2,200$ and $$3,000,$ respectively.

FUTA tax $=$ s

$4$:

An employer in Essex, Connecticut, 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 $$650,$$$980,$ and $$1,100,$ respectively.

FUTA tax $=?$