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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 91
Use the combined wage bracket tables , Exhibits 9-3 and 9-4, for Exercises 16 and 17.
Tim Ries earns $48,320 annually as a supervisor for the Lakeside Bank.
a. If the SUTA tax rate is 5.4% of the first $7,000 earned in a year, how much SUTA tax must the bank pay each year for Tim?
b. If the FUTA tax rate is 6.0% of the first $7,000 earned in a year minus the SUTA tax paid, how much FUTA tax must the bank pay each year for Tim?
Tim Ries earns $48,320 annually as a supervisor for the Lakeside Bank.
a. If the SUTA tax rate is 5.4% of the first $7,000 earned in a year, how much SUTA tax must the bank pay each year for Tim?
b. If the FUTA tax rate is 6.0% of the first $7,000 earned in a year minus the SUTA tax paid, how much FUTA tax must the bank pay each year for Tim?
Explanation
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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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