Question
Tackle It Compute the total unemployment taxes for each company. Note : Round all amounts to the nearest cent. Skateboards for All is a skateboard
Tackle It
Compute the total unemployment taxes for each company.
Note: Round all amounts to the nearest cent.
Skateboards for All is a skateboard and scooter store in Freeport, Maine. They paid wages of $64,746 in 2020 of which $38,086 are in excess of the FUTA limit. They have SUTA wages of $27,993 on the first $12,000 and an experience rating of 3.2%.
Employer: Skateboards for All | |
---|---|
Net FUTA tax | $ |
SUTA tax |
|
Total unemployment tax | $ |
Lovin' Football is a football equipment store in Auburn, Maine. They paid wages of $77,520 in 2020 of which $48,450 are in excess of the FUTA limit. They have SUTA wages of $36,338 on the first $12,000 of wages and have an experience rating of 3.7%.
Employer: Lovin' Football | |
---|---|
Net FUTA tax | $ |
SUTA tax |
|
Total unemployment tax | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started