1. :An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $1,420 and $32,100. During the current pay period, these employees earn $3350 and $1,700, respectively. The applicable SUTA tax rate is 4%, and the U.S. Virgin Islands SUTA threshold is $32500. FUTA tax = $ SUTA tax = $
1. :An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $1,420 and $32,100. During the current pay period, these employees earn $3350 and $1,700, respectively. The applicable SUTA tax rate is 4%, and the U.S. Virgin Islands SUTA threshold is $32500. FUTA tax = $ SUTA tax = $
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 4PB
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Question
1.
:An employer in the U.S. Virgin Islands, employs two
individuals, whose taxable earnings to date (prior to the
current pay period) are $1,420 and $32,100. During the
current pay period, these employees earn $3350 and
$1,700, respectively. The applicable SUTA tax rate is 4%,
and the U.S. Virgin Islands SUTA threshold is $32500.
FUTA tax = $ SUTA tax = $
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