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
Add your answer here.
Check out some similar questions!
FUTA and SUTA tax question [ 1 Answers ]
During the year, Zeno Company has a SUTA tax rate of 6.3%. TRhe taxable payroll for the year for FUTA and SUTA is $77,000. States to compute FUTA and SUTA tax and unemployment taxes. The way I understood this was to take $77,0000 and multiply by SUTA of 6.3%= 4851 then the same with FUTA x 6.2%...
Futa suta [ 2 Answers ]
An employee earned $47,000 during the year working for an employer. The FICA tax for social security (OASDI) is 6.2% and the FICA tax for Medicare is 1.45%. What is the employee’s share of FICA taxes?
Futa suta [ 4 Answers ]
When calculating the FUTA and SUTA is the calcualation for each performed the same way by means of multiplying the dollar amount by the tax rate?
Futa and Suta [ 1 Answers ]
After you know what the suta rate is, is the futa rate always .8%. If not how do you calculate it? I have searched all over in my book and cannot understand what they are trying to tell me.
Futa and suta taxes [ 3 Answers ]
Are businesses taxed at the same rate for SUTA? How does a business SUTA tax affect it's FUTA tax requirement?
View more questions Search