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.
Example 5-5
Sutcliffe Company had taxable wages totaling $87,500 in 2018. During the year, the company paid some of its state contributions after the January 31, 2019, cutoff. The penalty for tardiness is shown in the following calculation of the firm's net FUTA tax for 2018:
| Amount of gross FUTA tax ($87,500 × 6.0%) | $5,250.00 | ||||||
| State taxable wages | $87,500 | ||||||
| Sutcliffe's SUTA tax rate | × 5.4% | ||||||
| Sutcliffe's SUTA tax | $ 4,725 | ||||||
| Breakdown of Sutcliffe's SUTA tax payments: | |||||||
| Before 1/31/19—$3,000 × 100% credit | (3,000.00) | ||||||
| After 1/31/19—$1,725 × 90% credit | (1,552.50) | ||||||
| Amount of net FUTA tax | $ 697.50 | ||||||
| If the company had made timely payments of its state contributions, the amount of its net FUTA tax would have been reduced to $525, for a savings of $172.50, as follows: | |||||||
| Amount of gross FUTA tax ($87,500 × 6.0%) | $5,250.00 | ||||||
| Total taxable wages | $87,500 | ||||||
| Credit against tax | × 5.4% | ||||||
| Total credit | 4,725.00 | ||||||
| Amount of net FUTA tax ($87,500 × 0.6%) | $ 525.00 | ||||||
| $697.50 − $525.00 = $172.50 savings | |||||||
Example 5-6
Yeldon Company has a $70,000 federal and state taxable payroll and has earned a reduced state tax rate of 4 percent. If none of its state tax payments are timely, the FUTA tax calculation is as follows:
| Gross FUTA tax ($70,000 × 0.060) | $4,200 | ||
| Less 90% credit for state taxes paid late ($70,000 × 0.04 × 90%) | $2,520 | ||
| Less additional credit for state tax if rate were 5.4% [$70,000 × (0.054 − 0.04)] | 980 | ||
| Total credit | 3,500 | ||
| Net FUTA tax | $ 700 |
If Yeldon Company had made its SUTA payments before the due date of Form 940, the credit for the payments (4%) and the additional credit (1.4%) would have provided a total credit of $3,780 and a FUTA tax savings of $280.
Peroni Company paid wages of $164,500 this year. Of this amount, $126,900 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following; round your answers to the nearest cent.
a.
Amount of credit the company would receive against the FUTA tax for
its SUTA contributions
$________
b.
Amount that Peroni Company would pay to the federal government for
its FUTA tax
$________
c.
Amount that the company lost because of its late payments
$________
In: Accounting
In: Anatomy and Physiology
Part A - Alterations of the Digestive System
Discuss the changes to electrolyte values in a patient
experiencing early stages of vomiting and diarrhea.
Part B - Alterations of the Renal System
A patient is complaining of urinary urgency and frequency. The healthcare provider orders a urinalysis with a culture and sensitivity. Explain why the culture and sensitivity would be important for a urinalysis with bacteriuria.
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Describe the tone of "miss rosie" and how it changes as the poem progresses. How does the the figurative language contribute to the poem's tone? Provide two specific details from the poem, either quoted or paraphrased, to support your response.
eBook: https://www.poets.org/poetsorg/poem/miss-rosie
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COPD: Discuss at least three symptoms caused by physiologic changes.
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The history of the internet
Trade barrier changes in the last twenty years
In: Economics
What are the changes that happen to chromatin as stem cells are restricted in their final state?
In: Biology
In: Psychology
1)A researcher is interested in assessing the impact of a number of changes in a factory on the job satisfaction of workers. Before the changes are implemented the researcher distributes a questionnaire to a sample of workers which measures their attitudes to their work and their overall job satisfaction. The same questionnaire is distributed to the same group of workers one month after the workplace changes were implemented, and again three months later.
(a) Which parametric statistical technique could the researcher use to see if workers’ job satisfaction levels had changed across the three time periods measured? Briefly justify your answer.
(b) What non-parametric technique (if any) could be used to explore this question?
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1. Signs that can be observed and measured and are used to quantify the changes that occurred due to nutrition intervention are called:
A. Signs of causation
B. Nutrition Care Indicators
C. Nutrition Process Points
D. Medical Points
2. The ___________________is a systematic problem-solving method that food and nutrition professionals use to critically evaluate nutrition-related problems and make decisions regarding them.
A.Subjective, Objective, Assessment, Plan
B.Medical Charting
C.Nutrition Care Process
3. ___________________________is the action phase of the nutrition intervention. The purpose of the _______________ is mainly to correct the nutrition diagnosis, remove the etiology, or reduce the signs and symptoms of the problem.
A.Assessment
B.Nutrition Diagnosis
C.Nutrition Implementation
D.Nutrition Care Indicators
4. _______________________ are signs that can be observed and measured and are used to quantify the changes that occurred due to nutrition intervention. The indicators for nutrition monitoring should reflect the community/clients’ nutrition diagnosis, etiology, and signs/symptoms.
A.Nutrition Implementation
B.Assessment
C.Nutrition Care Indicators
D.Nutrition prescription
5. Which of the following is not a component of monitoring and evaluation?
A.Measure outcomes
B.Monitor progress
C.Diagnosis nutrition problem
D.Evaluate outcomes
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