PSc 5-2 Determine the Taxable Earnings Subject to FUTA Tax

For each of the described pay periods, determine the taxable earnings subject to FUTA tax. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1:A business employs four individuals, whose taxable earnings to date (prior to the current pay period) are $5,900, $8,275, $3,500, and $1,600. During the current pay period, these employees earn $1,500, $2,640, $1,252, and $1,900, respectively. Taxable earnings subject to FUTA tax = $

2:A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $4,200, $5,960, and $8,400. During the current pay period, these employees earn $1,500, $1,350, and $1,000, respectively. Taxable earnings subject to FUTA tax = $

3:A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $28,500, $7,600, and $6,650. During the current pay period, these employees earn $3,520, $1,950, and $2,950, respectively. Taxable earnings subject to FUTA tax = $