Refer to Exercise 7A-3 and assume that the state changed

Refer to Exercise 7A-3 and assume that the state changed Bowling Company’s SUTA tax rate to 4.6%. What effect would this change have on the total payroll tax expense?


Exercise 7A-3

From the following information, calculate the payroll tax expense for Bowling Company for the payroll of April 9:

Employee Cumulative Earnings Before Weekly Payroll Gross Pay for the Week H. Adams $3,900 $825 L. Karson 6,700 675 F. Mason 7,600 260

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