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Natali5045456 [20]
3 years ago
13

The current futa tax rate is 0.8%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,100 of an employee's pa

y. assume that an employee earned total wages of $9,100. what is the amount of total unemployment taxes the employer must pay on this employee's wages?
Business
1 answer:
Goryan [66]3 years ago
3 0
The given values in the problem are enumerated below:
futa tax rate = 0.8%
suta tax rate = 5.4 %
Employee's fee = $7,100
Amount taxes = $7100 *(0.008+0.054)= $440.2

When an employee earned total wages of $9100, we can solve the unknown:
Employee's wages =  $9100 + $440.2
Employee's wages = $ 9540.2

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