Question
XYZ Company in Florida has 8 employees as listed below. Florida?s state unemployment tax is 2.7% on the $8,000. The Federal employment tax rate is
XYZ Company in Florida has 8 employees as listed below. Florida?s state unemployment tax is 2.7% on the $8,000. The Federal employment tax rate is 6.0%. Compute the Net FUTA Tax for each employee & calculate the SUTA tax for this year each employee.
Name M. Keenan (Partner) S. Kludlow (Partner) N. Perry (Supervisor) T. Lee (Factory Worker) R. Rolf (Factory Worker) D. Broch (Factory Worker) S. Ruiz (Bookkeeper) C. Rudolph (Maintenance) Earnings $85,000 $75,000 $53,000 $34,600 $29,800 $6,900 $25,400 $5,100 Total A) FUTA B) SUTA
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Name FUTA FUTA Explanation SUTA SUTA Explanation M Keenan Partner 5100 85000 x 6 216 8000 x 27 S Kl...
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
