Since the SUTA rates changes are made at the end of each year, the available 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.

If Park Company had made its SUTA payments before the due date of Form 940, the credit for the payments (4%) and the additional credit (1.4%) would have provided a total credit of $3,780 and a FUTA tax savings of $280.

Peroni Company paid wages of $164,700 this year. Of this amount, $102,200 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following; round your answers to the nearest cent.

a. Amount of credit the company would receive against the FUTA tax for its SUTA contributions $fill in the blank 1

b. Amount that Peroni Company would pay to the federal government for its FUTA tax $fill in the blank 2

c. Amount that the company lost because of its late payments $fill in the blank 3