The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes areapplied to the first $7,000 of an employee's pay. Assume that an employee earnedtotal wages of $9,900. What is the amount of total unemployment taxes theemployer must pay on this employee's wages?

Formula to calculate total unemployment taxes (the empoyer must pay on this employee's wages):Total…

Answered: The current FUTA tax rate is 0.6%, and…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter3: Social Security Taxes

Section: Chapter Questions

Problem 1QD: During the year, employee Sean Matthews earned wages in the amount of 250,000. Discuss how the...

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The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages?