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21 August, 16:56

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 pay. 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?

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  1. 21 August, 17:51
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    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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