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Futa and suta tax

Asked Aug 2, 2011, 11:15 AM — 4 Answers
Garrison SHops had a SUTA tax rate of 2.7%. The states taxable limit was $8,000 of each employees earnings. For the year, Garrison Shops had FUTA taxable wages of $77,900 and SUTA taxable wages $93,900. Compte FUTA and SUTA tax

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joypulv's Avatar
joypulv Posts: 12,514, Reputation: 9530
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#2

Aug 2, 2011, 11:26 AM
You need to know how many employees so you can stop at 8K per.
Does this assume a FUTA rate of .8% based on the 5.4% credit?
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JudyKayTee's Avatar
JudyKayTee Posts: 46,122, Reputation: 23840
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#3

Aug 2, 2011, 12:14 PM
I don't think we do homework.
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joypulv's Avatar
joypulv Posts: 12,514, Reputation: 9530
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#4

Aug 2, 2011, 12:59 PM
I made a stab at answering because OP did struggle with the answer in another thread. (And it's in the right category.)
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JudyKayTee's Avatar
JudyKayTee Posts: 46,122, Reputation: 23840
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#5

Aug 2, 2011, 01:02 PM
Quote:
Originally Posted by joypulv View Post
I made a stab at answering because OP did struggle with the answer in another thread. (And it's in the right category.)

No problem - in fact, I'm not even sure what the policy is. I see simple questions pulled and complicated questions left standing.
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