Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

-Refer to Instruction 5-1.Aaron Norman earned $24,900 for the year from Marcus Company.The company is subject to a SUTA tax of 4.7% on the first $9,900 of earnings.Determine:
a)the employer's FUTA tax on Norman's earnings __________.
b)the employer's SUTA tax on Norman's earnings __________.

Question

Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
​
-Refer to Instruction 5-1.Aaron Norman earned $24,900 for the year from Marcus Company.The company is subject to a SUTA tax of 4.7% on the first $9,900 of earnings.Determine:
a)the employer's FUTA tax on Norman's earnings __________.
b)the employer's SUTA tax on Norman's earnings __________.

Quizplus · Accepted Answer

The Answer of Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
​
-Refer to Instruction 5-1.Aaron Norman earned $24,900 for the year from Marcus Company.The company is subject to a SUTA tax of 4.7% on the first $9,900 of earnings.Determine:
a)the employer's FUTA tax on Norman's earnings __________.
b)the employer's SUTA tax on Norman's earnings __________.

Instruction 5-1 Use the Net FUTA Tax Rate of 0.6% on the on the First