Question: Be sure to read each question completely. For the Essay type problems, unless instructed otherwise use the net FUTA tax rate of 0.6% on the

Be sure to read each question completely. For the Essay type problems, unless instructed otherwise use the net FUTA tax rate of 0.6% on the first$7,000 of taxable wages. For SUTA computation, each state will have its own rate. Again, read the instructions for the problems carefully and show your work.

Stys Company's entire payroll for the year is $1,210,930. Of this amount, $510,710 is for wages paid in excess of $7,000 to each individual employee. The SUTA tax rate forthe company is 3.2% on the first $7,000 of each employee's earnings.

(a) The amount of FUTA tax for the year is:

(b) The amount of SUTA tax for the year is:

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