PSa $5-5$ Calculate FUTA and SUTA Tax

For each of the following independent circumstances calculate both the FUTA and SUTA 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 The U$.$S$.$ Virgin Islands employs two individuals, whose taxable earnings to date $($prior to the current pay period$)$ are $$5,100$ and $$6,900.$ During the current pay period, these employees earn $$1,700$ and $$2,650,$ respectively. The applicable SUTA tax rate is $4\%,$ and the U$.$S$.$ Virgin Islands SUTA threshold is $$28,900.$

FUTA tax $=$$

SUTA tax $=$$

$2.$ An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date $($prior to the current pay period$)$ are $$28,700,$$$34,100,$ and $$6,850.$ During the current pay period, these employees earn $$3,200,$$$2,950,$ and $$1,620,$ respectively. The applicable SUTA tax rate is $3\mathrm{.}4\%,$ and the New Jersey SUTA threshold is $$36,200.$

FUTA tax$=$$

SUTA tax $=$$

$3$: An employer in Cincinnatti, Ohio employs two individuals, whose taxable earnings to date $($prior to the current pay period$)$ are $$4,900$ and $$7,700.$ During the current pay period, these employees earn $$2,800$ and $$1,900,$ respectively. The applicable SUTA tax rate is $2\mathrm{.}5\%,$ and the Ohio SUTA threshold is $$9,000.$

FUTA tax $=$$

SUTA tax $=$$

$4$: An employer in Juneau, Alaska employs three individuals, whose taxable earnings to date $($prior to the current pay period$)$ are $$39,700,$$$45,100,$ and $$5,200,$ During the current pay period, these employees earn $$3,600,$$$4,200,$ and $$1,200,$ respectively. The applicable SUTA tax rate is $2\mathrm{.}5\%,$ and the Alaska SUTA threshold is $$43,600.$

FUTA tax $=$$

SUTA tax$=$: