Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Universal Exporting has three warehouse employees: John Abner earns $422 per week, Anne Clark earns $510 per week, and Todd Corbin earns $695 per week. The company’s SUTA tax rate is 5.4%, and the FUTA rate is 6.0% 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 did the company pay on these employees in the first quarter of the year?
b. How much SUTA and FUTA tax did Universal pay in the second quarter of the year?

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.