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Since the SUTA rates changes are made at the end of each year, the availabie 2022 rates were used for FUTA and SUTA. Note: For

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Since the SUTA rates changes are made at the end of each year, the availabie 2022 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers. Example 58 1. Tqbal Company of Georgia had a fuTA taxable payroll of 5215,600 and a 5U TA taxable payroll of s255, 700 with a 5.6 percent 5U TA tax rate. The company would pay unemployment taxes of: RUTA $215,6000.006=51,293.60 5 UTA $255,7000.056=$15,612.8014,319.20 Total taves 2. Kresioff Company has only two employees and is located in a state that has set an unemployment tax for the company of 4. 8 parcent on the first s12,000 of each employee's earnings. Both employees are paid the same amount each week ( 5900) and have earned s11, soo up to this week's pay. The unemployment taxes that the company must pay for this weekis pay would be s48. FUTA tax ( both over $7,000)=50,00 SUTA tax{51,0000.048}=$48.00 ( 5500 of each employee's pay is under the state taxable limit of $12,000 ) Credy and Monres are each paid a weekly salary aliswance of $1,200. The doli ahon is located in a state that requires unemployment compentstion contributiond of amployers of cone or mere indiylduals. The company is subject to itate cantributions at a rate of 3.16 for wages not in eicess of s7,500. Camputs each of the foliowing amounts based on the Atat weeby payron period for the we+k anding October 14, 20-. Round your intermediate calculations and final answars to the nearest cent. Use rounded answers in subsequent computations. If an ampunt is zero, enter " 0. Amount ef FiCA taues (Casol and Hi) to be withbeld from the earnings of each parson. b. Amount of the employer's FICA taxes for the weekly payroll. c. Amount of state unemployment contributions for the weekly payroll. d. Amount of the net FUTA tax on the payroll. e. Total amount of the employer's payroll taxes for the weekly payroll

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