Barry Michaels earns $36,500 per year as the housewares manager at the Home Design Center. a. If the SUTA tax rate is 5.4% of the first $7,000 earned each year, how much SUTA tax must the company pay each year for Barry 11eb829a_8fbe_c2e3_afe7_fb8b877cc207_SM2244_00 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 company pay each year for Barry 11eb829a_8fbe_c2e4_afe7_57906a2c496d_SM2244_00

Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Edition 8ISBN: 978-1305585454

Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Edition 8ISBN: 978-1305585454

Exercise 61

Barry Michaels earns $36,500 per year as the housewares manager at the Home Design Center.
a. If the SUTA tax rate is 5.4% of the first $7,000 earned each year, how much SUTA tax must the company pay each year for Barry

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 company pay each year for Barry

Explanation

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Following information is given:
Gross e...