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PSA 5-4 Calculate SUTA Tax For each circumstance, calculate the SUTA tax owed...

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Accounting

PSA 5-4 Calculate SUTA Tax
For each circumstance, calculate the SUTA tax owed by the employer. Assume a SUTA tax rate of 3.4% and a taxable earnings threshold of $8,500.
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1: Hometown Bakery employs three workers who, as of the beginning of the current pay period, have earned $16,200,$7,150, and $4,000. Calculate SUTA tax for the current pay period if these employees earn taxable pay of $1,590,$2,070, and $910, respectively.
SUTA tax =?
2. Electronics Outlet employs two workers who, as of the beginning of the current pay period, have earned $8,400 and $7,200. Calculate SUTA tax for the current pay period if these employees earn taxable pay of $3,090 and $2,350, respectively.
SUTA tax =$
3. Delivery, Inc., employs 127 workers who, for the current pay period, earn total taxable pay of $347,540. Of this amount, only $29,400 is subject to SUTA tax, as this is the portion of individual employee earnings that does not exceed the $8,500 threshold. Calculate SUTA tax based on these earnings.
SUTA tax =$
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