Question: A state charges a basic SUTA tax rate of 5.4 percent. Because of an excellent experience rating, an employer in the state has to pay

A state charges a basic SUTA tax rate of 5.4 percent. Because of an excellent experience rating, an employer in the state has to pay only 1.0 percent of the taxable payroll as state tax. What is the percentage to be used in computing the credit against the federal unemployment tax?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Fowlkes et al. (1988) reported results of a survey of employees of a large national corporation to determine how satisfaction depends on race, gender, age, and regional location. The data are at the...

16. A state charges a basic SUTA tax rate of 5.4 percent. Because of an excellent experience rating, an employer in the state has to pay only 1.0 percent of the taxable payroll as state tax. What is...

Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old- nanny $165 per week for 46 weeks during the current year. b. What is the nannys portion of...

Required information The following information applies to the questions displayed below) Certain transactions and procedures relating to federal and state unemployment taxes follow for Robin's Nest...

Thank u guys:) This is the reference pages but the questions are the last 3 pictures . . . . Craft - Mason Wage rate VET $29.00 Hours worked 50 hours per week for 20 weeks and 40 hours per week for...

Federal & State Unemployment Taxes Learning Objective 3 : Compute the federal unemployment tax, the credit against the tax, and any credit reductions that might apply. The employer pays to the state...

Certain transactions and procedures relating to federal and state unemployment taxes follow for Fancy Nancy LLC, a retail store owned by Nancy Roberts. The firm's address is 2007 Trendsetter Lane,...

10:42 Problem 11.4A Computing and recording unemployment taxes; completing Form 940. Objectives 11-6 , 11-72 Certain transactions and procedures relating to federal and state unemployment taxes...

Required Information [The following information applies to the questions displayed below.] A payroll summary for Cortez Consulting Company. owned by Coni Cortez, for the quarter ending June 30, 20X1,...

Cash balance, December 16 Question 1 options: Question 2 (1 point) Payroll cash balance, December 20 Question 2 options: Question 3 (1 point) Total FICA taxes paid during November and December...

Using your own height and the appropriate regression equation from Exercise 10.19 or 10.20, predict your own weight. (If you are uncomfortable reporting your own weight, predict mine I am 5980 and...

1-800-GOT-JUNK? based in Vancouver, British Columbia, has a vision of creating the FedEx of junk removal. By the end of 2008, however, the company had over 340 franchises in the United States,...

These townhouses are more better than the townhouses on Park Drive because they are more new and more big.

reorder level in p model

Based upon your knowledge of health and safety matters and your actual observations of operations that are similar to theirs, make a list of the potential hazardous conditions employees and others...

What are some of the issues and caveats the employer and its supervisors should follow when dealing with a visit from the Occupational Safety and Health Administration?

If you were asked to put together a list of items that supervisors should keep in mind with respect to supervising safety and health at work, what would you include on your list?