Since the SUTA rates changes are made at the end of each year and there is...

Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2017 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows:

Under SUTA for New Mexico on taxable payroll of $28,000, the contribution rate is 3.9%.

Under SUTA for Colorado on taxable payroll of $23,000, the contribution rate is 8.95%.

Under SUTA for Utah on taxable payroll of $65,000, the contribution rate is 4.1%.

Under FUTA, the taxable payroll is $94,500.

Compute the following; round your answers to the nearest cent.

a. SUTA taxes paid to New Mexico	$_____________
b. SUTA taxes paid to Colorado	$_____________
c. SUTA taxes paid to Utah	$_____________
d. FUTA taxes paid	$_____________

Solutions

Expert Solution

a. SUTA taxes paid to New Mexico	$28,000 * 0.039 = $ 1,092.00
b. SUTA taxes paid to Colorado	$ 23,000 * 0.0895 = $ 2058.50
c. SUTA taxes paid to Utah	$ 65,000 * 0.041 = $ 2,665.00
d. FUTA taxes paid	$ 94,500 * 0.006 = $ 567.00

ekkarill92 answered 2 years ago

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