Question
The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is
The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit.
If its semimonthly payroll is $137,320 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in $) for the payroll?
SUTA tax $ _____
FUTA tax $ ____
Total tax $ _______
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Cost Accounting Principles And Managerial Applications
Authors: Gerald R. Crowningshield
3rd Edition
0395178371, 978-0395178379
