The schedule below shows the total payroll and the taxable payroll for the calendar years 2017 to
Fantastic news! We've Found the answer you've been seeking!
Question:
The schedule below shows the total payroll and the taxable payroll for the calendar years 2017 to 2020.
Calendar Year | ||||||||
2017 | 2018 | 2019 | 2020 | |||||
Total Payroll | Taxable Payroll | Total Payroll | Taxable Payroll | Total Payroll | Taxable Payroll | Total Payroll | Taxable Payroll | |
First Quarter | $12,010 | $12,010 | $10,910 | $10,910 | $12,920 | $12,920 | $9,880 | $9,880 |
Second Quarter | 11,870 | 11,870 | 11,250 | 11,140 | 12,850 | 12,810 | 9,270 | 9,270 |
Third Quarter | 12,390 | 12,090 | 12,840 | 12,480 | 12,030 | 11,820 | 9,450 | 9,450 |
Fourth Quarter | 13,180 | 12,650 | 12,650 | 12,350 | 13,880 | 13,630 | — | — |
Unemployment benefits became payable to the company's qualified unemployed workers on January 1, 2007. Between that time and September 30, 2020, total benefits amounting to $14,161.30 were charged against the employer's account. Compute:
In your computations, round amounts to the nearest cent. Round your final percentage answers to one decimal place.
a. Contribution rate for 2021.
b. Rate for 2021 if $2,190 additional benefits had been charged by mistake to the account of Karlson Software Company by the State Unemployment Compensation.
Related Book For
Payroll Accounting 2020
ISBN: 978-0357117170
30th edition
Authors: Bernard J. Bieg, Judith A. Toland
Posted Date: