The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7000 of an employee's pay. Assume that an employee earned total wages of $10,100. What is the amount of total unemployment taxes the employer must pay on this employee's wages?
A. $545.40.
B. $60.60.
C. $420.00.
D. $0.00.
E. $606.00.
Answer: C
You might also like to view...
An infographic résumé uses ________ to convey a person's career development and skill set
A) storyboarding B) visual metaphors C) keyword summaries D) digital innuendos E) boilerplate text
While some businesses have been granted charters under state laws, most businesses receive their charters under federal laws
Indicate whether the statement is true or false
In reconciling a bank statement, the bank balance is $1,500, and the checkbook balance is $2,105, Which of the following is the most probable reason for the checkbook balance being larger than the bank balance?
A) The bank has not cleared certain outstanding checks. B) The bank has added interest revenue to the account balance. C) A deposit in transit was made at the end of the month. D) The bank received an EFT from a customer.
Those who knowingly violate the Clean Air Act may be subject to criminal liability
Indicate whether the statement is true or false