PSA Calculate SUTA Tax
For each circumstance, calculate the SUTA tax owed by the employer. Assume a SUTA tax rate of and a taxable earnings threshold of $
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
: Hometown Bakery employs three workers who, as of the beginning of the current pay period, have earned $$ and $ Calculate SUTA tax for the current pay period if these employees earn taxable pay of $$ and $ respectively.
SUTA tax
Electronics Outlet employs two workers who, as of the beginning of the current pay period, have earned $ and $ Calculate SUTA tax for the current pay period if these employees earn taxable pay of $ and $ respectively.
SUTA tax $
Delivery, Inc., employs workers who, for the current pay period, earn total taxable pay of $ Of this amount, only $ is subject to SUTA tax, as this is the portion of individual employee earnings that does not exceed the $ threshold. Calculate SUTA tax based on these earnings.
SUTA tax $
