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$15\mathrm{.}0\%$ or more

$1\mathrm{.}5\%$

SUTA tax rate for the year is computed using the information available $($benefits received and taxes paid$)$ as of September $30$ of the preceding year.

The schedule below shows the total payroll and the taxable payroll for the calendar years $2020$ to $2023.$

First Quarter

Second Quarter

Third Quarter Fourth Quarter

$\backslash$table$[[2020,2021,2022,2023],[\backslash$table$[[$Total$],[$Payroll$]],\backslash$table$[[$Taxable$],[$Payroll$]],\backslash$table$[[$Total$],[$Payroll$]],\backslash$table$[[$Taxable$],[$Payroll$]],\backslash$table$[[$Total$],[$Payroll$]],\backslash$table$[[$Taxable$],[$Payroll$]],\backslash$table$[[$Total$],[$Payroll$]],\backslash$table$[[$Taxable$],[$Payroll$]],,,,,],[$$$12,000,$$$12,000,$$$11,000,$$$11,000,$$$13,000,$$$13,000,$$$10,000,$$$10,000,,,,,],[11,750,11,750,11,500,11,400,12,750,12,700,9,300,9,300,,,,,],[12,500,12,250,12,750,12,400,12,200,12,000,9,350,9,350,,,,,],[13,000,12,500,12,500,12,200,14,000,13,750,-,-,,,,,]]$

Compute rate for $2024$ by dividing balance in reserve by average of last three years payroll.

In your computations, round amounts to the nearest cent. When required, round your final percentage answers to one decimal place.

a$.$ Contribution rate for $2024.$

$x\%$

calculated and compare it to benefits paid $($add $$2,000).$ On table, what tax rate corresponds to balance in reserve account now?

$x\%$

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a$.$ Total amount of state contributions minus benefits paid $=$ balance in reserve account. payrolls.$)$

If additional benefits were charged, this would decrease the Balance in the Reserve Ratio; would increase the Contribution Rate.

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