Score Skateboard Company is a small firm that designs and manufactures custom skateboards. Score has two employees that receive $1,100 gross pay per semimonthly pay period and four employees that receive $850 gross pay per semimonthly pay period. The company owner and manager, Christie, needs to determine how much to include in her budget for each employee. Starting in January, Score will be contributing $75 per pay period to each employee’s retirement fund. Score is in a state that has a maximum of $7,000 gross pay for SUTA and Score is required to pay 5.4% of the first $7,000 for each employee.
1. Calculate the cost (salary, employer’s portion of Social Security and Medicare, pension, etc.) to Score for an employee with $1,100 gross pay in the first pay period in January.

NOTE: Total Cost per Employee = Gross Pay + SUTA + FUTA + Social Security + Medicare + Retirement
















2. Calculate the cost to Score for an employee with $850 gross pay in the first pay period in January.

NOTE: Total Cost per Employee = Gross Pay + SUTA + FUTA + Social Security + Medicare + Retirement







3. Find the total gross semimonthly pay for all six employees and compare this to the total amount Score must include in its budget for all employees. How much extra is needed in the budget?













4. Calculate the total amount Score will need for its first quarter FUTA and SUTA deposit. There are six semimonthly pay periods in the first quarter of the year.