1. Amazon Appliance Company has three installers. Larry earns$355 per week, Curly earns $460 per week, and Moe earns $585 perweek. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0%minus the SUTA. As usual, these taxes are paid on the first $7,000of each employee's earnings.
a. How much SUTA and FUTA tax does Amazon owe for the firstquarter of the year?
SUTA: $
FUTA: $
b. How much SUTA and FUTA tax does Amazon owe for the secondquarter of the year?
SUTA: $
FUTA: $
2.
As the payroll manager for Stargate Industries, your task is tocomplete the following weekly payroll record. The company paysovertime for all hours worked over 40 at the rate oftime-and-a-half. Round to the nearest cent when necessary.
Employee |
M |
T |
W |
T |
F |
S |
S | Hourly
Rate | Total
Hours | Overtime
Hours | Regular
Pay | Overtime
Pay | Total
Pay |
| | | | | | | | | | | | | |
| Sands | 6 | 5 | 9 | 8 | 10 | 7 | 0 | $9.50 | | | $ | $ | $ |
