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Qwan Company's payroll for the year is $738,770. Of this amount, $469,080 is for wages paid in excess of $7,000 to each individual employee. The
Qwan Company's payroll for the year is $738,770. Of this amount, $469,080 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Qwan Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute:
Round your answers to the nearest cent.
a. Net FUTA tax $_____
b. Net SUTA tax _____
c. Total unemployment taxes $_____
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