Question: Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers. During 2018, Shoupe Company was subject to the
Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.
During 2018, Shoupe Company was subject to the New Jersey state unemployment tax of 5.1%. The company's taxable wages for FUTA were $93,400 and for SUTA, $194,300. Compute the following; round your answers to the nearest cent.
a. SUTA tax that Shoupe Company would pay to the state of New Jersey $
b. Net FUTA tax for 2018 $
c. Amount of employees' unemployment tax for 2018 (use the employee's tax rate shown in Figure 5.1.) $
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