Garrison Shops had a SUTA tax rate of 3.7%. The states taxable limit was $8,000 of each

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Garrison Shops had a SUTA tax rate of 3.7%. The state’s taxable limit was $8,000 of each employee’s earnings. For the year, Garrison Shops had FUTA taxable wages of $67,900 and SUTA taxable wages of $83,900. Compute:
a.    Net FUTA tax .......................................................................... $........

b. Net SUTA tax........................................................................... $...........

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Payroll Accounting 2017

ISBN: 978-1337734776

27th edition

Authors: Bernard J. Bieg, Judith Toland

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