Chapter 5 eBook Print Item Since the SUTA rates changes are made at the end of each year, the available 2021 rates were used for FUTA and SUTA. ? Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers. Example 5-7 Shu Company located in Georgia had FUTA taxable wages of $130,000 and SUTA taxable wages (on first $9,500) were $210,000 with a 0.9 percent SUTA tax rate. The total unemployment taxes that Shu Company is liable for are: FUTA tax- $130,000 x 0.6% $ 780 SUTA tax - $210,000 x 0.9% 1,890 Total unemployment taxes $2,670 During the year, Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $123,400. Compute: Round your answers to the nearest cent. a. Net FUTA tax b. Net SUTA tax c. Total unemployment taxes Feedback Check My Work Previous Next Assignment Score: 50-99% All work saved. Email Instructor Save and Exit Submit Assignment for Grading