For each of the following independent circumstances, calculate the FUTA tax owed by the employer.

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1:An employer in Hartford, Connecticut, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $4,900 and $7,950. During the current pay period, these employees earn $975 and $1,250, respectively.

FUTA tax = $

2:An employer in Jacksonville, Florida, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $71,250, $23,500, and $6,650. During the current pay period, these employees earn $2,020, $2,975, and $965, respectively.

FUTA tax = $

3:An employer in Wilmington, Delaware, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $1,950, and $7,120 During the current pay period, these employees earn $995 and $2,500, respectively.

FUTA tax = $

4:An employer in Akron, Ohio, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $6,000, $8,500, and $5,400. During the current pay period, these employees earn $725, $1,225, and $3,900, respectively.

Answer rating: 100% (QA)

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