1. Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $460 per...

1. Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $460 per week, and Moe earns $585 per week. The company's SUTA 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 does Amazon owe for the first quarter of the year?

SUTA: $

FUTA: $

b. How much SUTA and FUTA tax does Amazon owe for the second quarter of the year?

SUTA: $

FUTA: $

As the payroll manager for Stargate Industries, your task is to complete the following weekly payroll record. The company pays overtime for all hours worked over 40 at the rate of time-and-a-half. Round to the nearest cent when necessary.

Employee	M	T	W	T	F	S	S	Hourly Rate	Total Hours	Overtime Hours	Regular Pay	Overtime Pay	Total Pay

Sands	6	5	9	8	10	7	0	$9.50			$	$	$

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Expert Solution

Colby Messinger answered 1 year ago

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