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Since the SUTA rates changes are made at the end of each year, the available 2021 rates were used for FUTA and SUTA Note:
Since the SUTA rates changes are made at the end of each year, the available 2021 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 5-7 Shu Compeny 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 able for are FUTA tax $130,000 SUTA tak-$210,000 0.6% 0.9% $ 7001 1,890 $2,670 Total unemployment taxes During the year, Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $126.800. Compute Round your answers to the nearest cent. a. Net FUTA tax Net SUTA tax Total unemployment taxes
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