Peyton Company's payroll for the year is $737,910. Of this amount, $472,120 is for wages paid in
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Peyton Company's payroll for the year is $737,910. Of this amount, $472,120 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute:
a. Net FUTA tax .......................................................................... $_______
b. Net SUTA tax........................................................................... $_______
c. Total unemployment taxes........................................................ $_______
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Total payroll 737910 Less Wages paid in excess ...View the full answer
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