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PSA 5-5 Calculate FUTA and SUTA Tax For each circumstances, calculate both the FUTA...

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Accounting

PSA 5-5 Calculate FUTA and SUTA Tax
For each circumstances, calculate both the FUTA and SUTA tax owed by the employer:
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. pay period, these employees earn $1,750 and $2,750, respectively. The SUTA tax rate is 4%, and the U.S. Virgin Islands SUTA threshold is $30,800.
FUTA tax =$
SUTA tax = current pay period, these employees eam $3,600,$2,280, and $1,790, respectively. The SUTA tax rate is 3.4%, and the New Jersey SUTA threshold is $41,400.
FUTA tax=s
SUTAtax =5 period, these employees earn $2,900 and $1,700, respectively. The SUTA tax rate is 2.5%, and the Ohio SUTA threshold is $9,000.
FUTA tax =$
SUTA tax = s current pay period, these employees earn $3,750,$4,460, and $1,680, respectively. The applicable SUTA tax rate is 2.5%, and the Alaska $ UTA threshold is $46,800.
FUTA tax=$
SUTA tax=
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