Question

1) What is the new employer tax rate for Unemployment Insurance? Please enter your answer as...

1) What is the new employer tax rate for Unemployment Insurance? Please enter your answer as a decimal or whole number. For example if the rate were two and a half percent, you would enter 2.5 as your answer.

2) What is the maximum amount of Employment Training Tax (ETT) per employee, per year (in dollars)?

3) Employers are required to report all new hires within how many days of their start-of-work date to the New Employee Registry?

Homework Answers

Answer #1
  1. The new employer tax rate for Unemployment Insurance is 3.40% for two or three years.
  2. The Maximum amount of taxable wage limit for ETT is $7,000 per employee per calendar year for year 2020 and ETT tax rate is 0.1%, therefore, maximum amount of ETT per employee per calendar year is ($7,000*0.1%) $7.00
  3. The employers are required to report all newly hired or rehired employees to the New Employee Registry (NER) within 20 days of their start-of-work date by law. The start-of-work date is the first day when services were performed for wages by the employees.
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
I'll rate don't want any imcomplete answer thanks Wage and Tax Statement Data on Employer FICA...
I'll rate don't want any imcomplete answer thanks Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and...
An employee earns $6,100 per month working for an employer. The FICA tax rate for Social...
An employee earns $6,100 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 $206 in federal income taxes withheld. The employee has voluntary deductions...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2,...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2....
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2,...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted...
41. An employee earns $5,550 per month working for an employer. The FICA tax rate for...
41. An employee earns $5,550 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 $184 in federal income taxes withheld. The employee has voluntary...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2,...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted...
On January 1, year 1, Dave received 1,650 shares of restricted stock from his employer, RRK...
On January 1, year 1, Dave received 1,650 shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $25 per share. On receiving the restricted stock, Dave made the 83(b) election. Dave’s restricted shares will vest at the end of year 2. He intends to hold the shares until the end of year 4 when he intends to sell them to help fund the purchase of a new home. Dave predicts the share price...
Required information Pratt is ready to graduate and leave College Park. His future employer (Ferndale Corp.)...
Required information Pratt is ready to graduate and leave College Park. His future employer (Ferndale Corp.) offers the following four compensation packages from which Pratt may choose. Pratt will start working for Ferndale on January 1, year 1.    Benefit Description Option 1 Option 2 Option 3 Option 4 Salary $60,000 $ 50,000 $ 45,000 $ 45,000 Health insurance No coverage 5,000 5,000 5,000 Restricted stock 0 0 1,000 shares 0 NQOs 0 0 0 100 options Assume that the...
On January 1, year 1, Dave received 2,150 shares of restricted stock from his employer, RRK...
On January 1, year 1, Dave received 2,150 shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $24 per share. On receiving the restricted stock, Dave made the 83(b) election. Dave’s restricted shares will vest at the end of year 2. He intends to hold the shares until the end of year 4, when he intends to sell them to help fund the purchase of a new home. Dave predicts the share price...