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Contemporary Mathematics For Business and Consumers, Third Edition
Contemporary Mathematics For Business and Consumers, Third Edition
Robert A. Brechner
Copyright © 2003 Thomson/South-Western
Level 2
Chapter 9 - Assessment Test - Exercise 20
Striker Exporting has three warehouse employees: John Abner earns $422 per week, Anne Clark
earns $510 per week, and Todd Corbin earns $695 per week. The company's SUTA tax rate is 5.4%,
and the FUTA rate is 6.2% minus the SUTA. As usual, these taxes are paid on the
first $7,000 of each employee's earnings.
a. How much SUTA and FUTA tax does the company owe on these employees for the
first quarter of the year?
Abner $422.00
Clark $510.00
Corbin $695.00
Total =
b. How much SUTA and FUTA tax does Striker owe for the second quarter of the year?
Abner
Clark
Corbin
Total =