The Mockingbird Tavern had 6 employees and total annual wages of $228,542 during the previous year. All employees earned more than $7,000 during the year. What is the Mockingbird Tavern's SUTA tax liability? SUTA tax rate is 1.5%
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- Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's earnings. For the year, Garrison Shops had FUTA taxable wages of $67,900 and SUTA taxable wages of $83,900. Compute: Round your answers to the nearest cent. a. Net FUTA tax $ b. Net SUTA tax $Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's earnings. For the year, Garrison Shops had FUTA taxable wages of $66,500 and SUTA taxable wages of $83,700. Compute: Round your answers to the nearest cent. a. Net FUTA tax $fill in the blank 1 b. Net SUTA tax $fill in the blank 2Donner Company began its operations in September of the current year. During September, the company paid wagesof $23,400. For the last quarter of the year, the taxable wages paid amounted to $64,700. None of the employeeswas paid more than $7,000 this year. a. Is Donner Company liable for FUTA tax this year? Explain.b. What is the net FUTA tax?...................................................... $
- Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture Company and earned $12,400 during the year. The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000, and the rate for Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings. FUTA SUTA a. Rivertide Country Club $ $ b. Harrison Furniture Company $ $Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture Company and earned $12,400 during the year. The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000, and the rate for Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings. FUTA SUTA a. Rivertide Country Club $fill in the blank 1 $fill in the blank 2 b. Harrison Furniture Company $fill in the blank 3 $fill in the blank 4Peyton Company's payroll for the year is $737,910. Of this amount, $472,120 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute: Net FUTA tax $________ Net SUTA tax $_________ Total unemployment taxes $________
- In the following problems, use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Stys Company’s payroll for the year is $1,210,930. Of this amount, $510,710 is for wages paid in excess of $7,000 to each individual employee. The SUTA tax rate for the company is 3.2% on the first $7,000 of each employee’s earnings. Round your answers to two decimal places. Round your answers to two decimal places. a. The amount of FUTA tax for the year is $fill in the blank 1. b. The amount of SUTA tax for the year is $fill in the blank 2.Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture Company and earned $12,400 during the year. The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000, and the rate for Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.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 $3,720 and $2,050, respectively.SUTA tax _____ Answer not $111
- Peyton Company's payroll for the year is $741,150. Of this amount, $472,770 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute: Net FUTA taxduring the year, plum company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $125,400. .6% used for net FUTA Compute: Net FUTA tax: $ Net SUTA tax: $ 6019.2 Total unemployment taxes: $Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months this year and earned $11,200. The other six months he earned $6,900 working for McBride Company (a separate company). The amount of FUTA taxes to be paid on Mirer's wages by the two companies is: (Round your answers to two decimal places, if necessary.) A) Dawson Company: $ B) McBride Company:$
