Question: * Please note the change in rates and year * * Since the SUTA rates change at the end of each year, the available 2
Please note the change in rates and year
Since the SUTA rates change at the end of each year, the available rates were used for FUTA and SUTA.
Note: For this textbook edition the rate was used for the net FUTA tax rate for employers.
In April of the current year, Steelman Press Company transferred Ken Sherm from its factory in Louisiana to its plant in Florida. The company's SUTA tax rates based on its experience ratings are in Louisiana and in Florida. The taxable wage limits are $ in Louisiana and $ in Florida. This year, Steelman Press Company paid Ken Sherm wages of $; $ were paid in Louisiana and the remainder in Florida. Compute the following; round your answers to the nearest cent.
a Amount of SUTA tax the company must pay to Louisiana on Sherm's wages
b Amount of SUTA tax the company must pay to Florida on Sherm's wages
c Amount of the net FUTA tax on Sherm's wages
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