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Shu Company located in Georgia had FUTA taxable wages of $130,000 and SUTA taxable wages (on first $9,500) were $210,000 with a 0.9 percent
Shu Company located in Georgia had FUTA taxable wages of $130,000 and SUTA taxable wages (on first $9,500) were $210,000 with a 0.9 percent SUTA tax rate. The total unemployment taxes that Shu Company is liable for are: FUTA tax-$130,000 x 0.6% == $ 780 SUTA tax $210,000 0.9% = Total unemployment taxes 1,890 $2,670 Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: 1. Under SUTA for Massachusetts on taxable payroll of $18,000, the contribution rate is 4%. 2. Under SUTA for New Hampshire on taxable payroll of $24,000, the contribution rate is 6.65%. 3. Under SUTA for Maine on taxable payroll of $79,000, the contribution rate is 2.9%. 4. Under FUTA, the taxable payroll is $103,500. Compute the following: a. SUTA taxes paid to Massachusetts b. SUTA taxes paid to New Hampshire c. SUTA taxes paid to Maine d. FUTA taxes paid Feedback
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