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Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $455 per week, and Moe earns $545 per week. The company's SUTA...
Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $455 per week, and Moe earns $545 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings.
a. How much SUTA and FUTA tax does Amazon owe for the first quarter of the year?
Round intermediate computations and final answers to the nearest cent. Use rounded values for subsequent computations.
SUTA:___ $
FUTA:___ $
b. How much SUTA and FUTA tax does Amazon owe for the second quarter of the year?
Round intermediate computations and final answers to the nearest cent. Use rounded values for subsequent computations.
SUTA: ___$
FUTA: ___$