Question

Cheesehead Baseball has a baseball camp in Fifield, Wisconsin. FUTA wages are $16,619.58. Taxable SUTA wages...

Cheesehead Baseball has a baseball camp in Fifield, Wisconsin. FUTA wages are $16,619.58. Taxable SUTA wages are $20,312.82 on the first $ and experience rating is 9.26%. Alex Rodriguez has worked for Cheesehead Baseball for over 5 years and earns $923.31 per week.

For Cheesehead Baseball, compute both their total unemployment tax and, if applicable, the amount that would be withheld from Alex Rodriguez's weekly paycheck.

Note: Round all amounts to the nearest cent. If the answer is zero, enter "0". And, use the link below to ensure that you have all the necessary unemployment information to complete the problem.

Practice State SUTA Chart

Employer: Cheesehead Baseball
Net FUTA tax

$99.72

SUTA tax
Total unemployment tax

$

Homework Answers

Answer #1
The SUTA tax rate also depends upon th experience rating of the employer.
Employer with higher rate of staff turnover will have higher SUTA rates and vice versa
In this case experience ratu=ion is 9.26% its higher.
THE SUTA tax rate varies from .5% to 5.4%. So highest would be 5.4% which would be charged
mployer: Cheesehead Baseball
Net FUTA tax (16619*.58*.6%) $99.72
SUTA tax (20312.82*5.4%) 1096.89
Total unemployment tax $1,196.61
Alex
Net FUTA tax (923.31*.6%) 5.54
SUTA tax (923.31*5.4%) 49.86
If any doubt please comment
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Hollywood Stars of Vermont (HSV) provides services to the movie industry. FUTA wages are $16,619.58. Taxable...
Hollywood Stars of Vermont (HSV) provides services to the movie industry. FUTA wages are $16,619.58. Taxable SUTA wages are $20,312.82 on the first $ and experience rating is 5.4%. Clark Gable has worked for HSV for over 5 years and earns $923.31 per week. Compute both Hollywood Stars of Vermont' total unemployment tax and, if applicable, the amount that would be withheld from Clark Gable's weekly paycheck.
1. Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages....
1. Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Sparks Company's SUTA rate for next year is 3.25% because its reserve ratio falls into the state's 10% to less than 12% category [(contributions - benefits paid) ÷ average payroll = $414,867 ÷ $3,521,790 = 11.78%]. If the next bracket (12% to less than 14%) would give the company a lower tax rate of 3.05%, what would be the least amount of the voluntary...
Harriet Pandel, an employer is subject to FICA taxes but exempt from FUTA and SUTA taxes....
Harriet Pandel, an employer is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, her employees earned mothly wages of $16,900.00, all of which is taxable. The amount of federal income taxes withheld each month is $1,698.   Journalize the payment of wages, and record the payroll tax on November 30. GENERAL JOURNAL       Date      Account Titles and Explanation Debit Credit Prior to posting the November 30 payroll transaction, FICA Taxes...
Takei Company's payroll for the week ending January 15 amounted to $367,000 for salaries and wages....
Takei Company's payroll for the week ending January 15 amounted to $367,000 for salaries and wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages: Federal Income Tax $75,000 State Income Tax 13,500 FICA Taxes 28,075 Union Dues 4,100 United Fund Contributions 2,700 Federal unemployment tax (FUTA) rate is 6.2% less a credit equal to the rate paid for state unemployment taxes....
Harriet Pandel, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes....
Harriet Pandel, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, her employees earned monthly wages of $16,900, all of which is taxable. The amount of federal income taxes withheld each month is $1,698. Journalize the payment of wages, and record the payroll tax on November 30. Prior to posting the November 30 payroll transaction, FICA Taxes Payable—OASDI, FICA Taxes Payable— HI, and Employees FIT Payable had zero...
a. Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA...
a. Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $9,600, all of which is taxable. The amount of federal income taxes withheld each month is $1,250. Journalize the payment of wages, and record the payroll tax on November 30. If an amount box does not require an entry, leave it blank or enter "0". When required, round your answers...
Vulcra, Inc., has a semimonthly payroll of $67,160 on September 15, 20--. The total payroll is...
Vulcra, Inc., has a semimonthly payroll of $67,160 on September 15, 20--. The total payroll is taxable under FICA Taxes-HI; $63,450 is taxable under FICA Taxes-OASDI; and $10,260 is taxable under FUTA and SUTA. The state contribution rate for the company is 4.1%. The amount withheld for federal income taxes is $9,949. The amount withheld for state income taxes is $1,424. Part A: Payment of the Wages, and the Payroll Taxes a. Journalize the payment of the wages, and record...
QUESTION HAS 2 PARTS 1. An employee earns $6,200 per month working for an employer. The...
QUESTION HAS 2 PARTS 1. An employee earns $6,200 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $210 in federal income taxes withheld....
1. A company that reports segment information had average total assets of $1,558,450 and total net...
1. A company that reports segment information had average total assets of $1,558,450 and total net income of $644,700. Segment A had average total assets of $945,800 and segment operating income of $325,300. Segment B had average assets of $612,650 and segment operating income of $319,400. The segment return on assets for Segment B is:? 41.4% 52.1% 34.4% 60.7% 50.5% 2. During the first week of January, an employee works 47 hours. For this company, workers earn 150% of their...
This question has parts. 36A) An employee earned $61,600 during the year working for an employer....
This question has parts. 36A) An employee earned $61,600 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT