.The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.0% less the 5.4% SUTA credit. If its weekly payroll is $58,174 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll? $3,070.44 $3,490.44 $5,833.84 $6,631.84
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23.The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.0% less the 5.4% SUTA credit. If its weekly payroll is $58,174 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll?
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- 19.The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is $139,320 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in $) for the payroll? SUTA tax $ FUTA tax $ Total tax $The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.0% less than the 5.4% SUTA credit. If its weekly payroll is $54,174, and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll? the options are: a. 2830.44 b. 3250.44 c. 5377.84 d. 6175.84 When I look at this my brain turns to mush, any help is so much appreciated :)The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is $135,320 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in $) for the payroll?
- A company wants to pay a bonus to an employee so that the net pay is $10,000. The federal income tax rate is 15%, the state income tax rate is 4%, the FICA rate is 7.65%, and the company's state unemployment tax rate is 3%. Which of the following is the formula used to determine this payroll calculation? Select one: a. $13,449.90 b. $14,214.64 c. $13,633.27 d. $7,713.07 e. $7,895.78P a y t o n company payroll for the year is $747,930. Of this amount, $469,230 is for wages paid e x c e s s $7,000 to each individual employee. The suta rate in Peyton company state is 2.9% on the first $7,000 of each employees earning. Round your answer to the nearest cent. A. Net Futa tax _______ B. Net suta tax _______ C. Total unemployment taxes _______The SUTA rate for Thomson Temp Agency is 5.4% and it’s FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is payroll is $135,320 and none was for payments to employees in excess of the $7,000 wage base, then what the total FUTA and SUTA taxes ( in $ ) for the payroll? What is the SUTA tax ? What is the FUTA tax ? What is the Total tax?
- The last semimonthly payroll of Available Temp Services was $139,600 of gross wages for 113 employees. Of the total, none was for payments to employees in excess of the $7,000 wage base. What were the total FUTA and SUTA taxes for the payroll? The company's SUTA rate is 5.4% and its FUTA rate is 6.0% less the 5.4% SUTA credit. $7,956.00 $8,376.00 $15,116.40 $15,914.40I have been stuck on this problem for a few days. Paloma Co.Has four emplyees.FICA Social Security taxes are 6.2% of the fir$st $118,500 paid to each emplyee,and FICA Medicare taxes are 1.45% of gross pay. Also,for the first $7,000 paid to each emplyee the comapny FUTA taxes are 0.6% and SUTA taxes are 2.15%. The company is preparing its payroll calcualtions for the week ened August 25. Payroll records show the following information for the company foy employees. Name Gross pay through Aug 18 Gross Pay Income Tax Wit Dali $115,550 $3,100 $440 Trey 116,200 2,300 371 Kiesha 8,200 560 49 Chee 2,150 510 38 In addition to gross pay,the company must pay one-hald of the $82 per employee weekly health insurance; each employee pays…NEP Corp. has 15 employees each working 40 hours per week and earning $30 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is NEP's total payroll tax expense for the first week of January? Select one: a. $18,000 b. $5,841 c. $2,061 d. $684 e. $1,377
- Assume that social security taxes are payable at a 6% rate and Medicare taxes are payable at a 1.5% rate with no maximum earnings, and that federal and state unemployment compensation taxes total 6.2% on the first $7,000 of earnings. If an employee earns $2,500 for the current week and the employee's year-to-date earnings before this week were $6,800, what is the total employer payroll taxes related to the current week? a.$187.50 b.$199.90 c.$342.50 d.$12.40Compute the total federal and state unemployment taxes given the following independent scenarios for SugarTime. 1. The gross payroll total for all employees this month is $10,000. Assume that all employees’ wages fall below the $7,000 unemployment tax limit. 2. The gross payroll total for all employees this month is $10,000. The amount of employees’ wages that fall below the $7,000 unemployment tax limit is $8,000. 1. Total unemployment taxes $ 2. Total unemployment taxes $How to calculate oasdi and HI tax with these $3,100 per month $30,000 per year $280 per week $350 per week $240 per week