PSc 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 Statesboro, Georgia, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $4,500 and $7,900. During the current pay period, these employees earn $3,120 and $1,400, respectively. The applicable SUTA tax rate is 3.1%, and the Georgia SUTA threshold is $9,500. FUTA tax = $ SUTA tax = $

2: An employer in San Francisco, California, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $3,400, $60,200, and $6,700. During the current pay period, these employees earn $2,200, $3,550, and $3,000, respectively. The applicable SUTA tax rate is 4.4%, and the California SUTA threshold is $7,000. FUTA tax = $ SUTA tax = $

3: An employer in the U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,350 and $22,940. During the current pay period, these employees earn $2,500 and $1,870, respectively. The applicable SUTA tax rate is 1.5%, and the U.S. Virgin Islands SUTA threshold is $24,200. FUTA tax = $ SUTA tax = $

4: An employer in Columbia, South Carolina, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $45,500, $1,900, and $4,500. During the current pay period, these employees earn $4,200, $3,500, and $2,700, respectively. The applicable SUTA tax rate is 2.2%, and the South Carolina SUTA threshold is $14,000. FUTA tax = $ SUTA tax = $