Question: help please. Since the SUTA rates changes are made at the end of each year, the available 2022 rates were used for FUTA and SUTA.
Since the SUTA rates changes are made at the end of each year, the available 2022 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 percet SUTA tax rate. The total unemployment taxes that Shu Company is liable for are: Due to its experience rating, Janelli, Inc., is required to pay unemployment taxes on its payroll as follows: 1. Under SUTA for Massachusetts on taxable payroll of $18,000, the contribution rate is 4%. 2. Under SUTA for New Hampshire on taxable payroll of $24,000, the contribution rate is 6.65%. 3. Under SUTA for Maine on taxable payroll of $79,000, the contribution rate is 2.9%. 4. Under FUTA, the taxable payroll is $103,500
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