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Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers. Example 5-6 The Iqbal Company of Georgia had a FUTA taxable payroll of $215,600 and a SUTA taxable payroll of $255,700 with a 5.6 percent SUTA tax rate The company would pay unemployment taxes of: FUTA $215,600 x 0.006- $1,293.60 SUTA $255,700 x 0.056$14,319.20 TOTAL TAXES $15,612.80 Example 5-7 1. Fay Nannen earns $320 during the first week of February while working for Dango, Inc. Since the company is located in New Jersey, Nannen would have $2.26 deducted from her pay (0.705% of $320). This 0.705 percent tax would be deducted on the first $32,600 paid to her during the year. (In New Jersey, 0.2 percent of the employees' contributions is for the disability benefit plan and 0.505 percent for the unemployment insurance/family leave funds.) 2, Donald Drury works in Puerto Rico and earns $450 each week. He would contribute $1.35 (0.3% of $450) of each pay to a disability fund. This 0.3 percent deduction would continue until his cumulative pay for the year reached $9,000 During 2017, Shoupe Company was subject to the New Jersey state unemployment tax of 5.1%. The company's taxable ages or FU TA were following; round your answers to the nearest cent. 3400 an orsu 19,30 compute the

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