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The following unemployment tax rate schedule is in effect for the calendar year 2 0 2 3 in State A , which uses the reserve
The following unemployment tax rate schedule is in effect for the calendar year in State A which uses the reserveratio formula in determining employer contributions:
Reserve Ratio Contribution Rate
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more, but less than
or more
Hyram Company, which is located in State A had an average annual payroll of $ for the three month periods ending on June the computation date for the tax year As of June the total contributions that had been made to Hyram Company's reserve account, in excess of the benefits charged, amounted to $ Compute the following:
a Hyram Company's reserve ratio for Round your answer to two decimal places.
fill in the blank
b contribution rate for the company. Round your answer to one decimal place.
fill in the blank
c Smallest contribution that the company can make in order to reduce its tax rate if State A permits voluntary contributions.
$fill in the blank
d Tax savings realized by the company, taking into consideration the voluntary contribution made in c if the taxable payroll in is $
$fill in the blank
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