Reference no: EM132783306

Question - For each of the following independent circumstances calculate both the FUTA and SUTA tax owed by the employer.

1: An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $6,100 and $8,800. During the current pay period, these employees earn $1,450 and $2,000, respectively. The applicable SUTA tax rate is 2.1%, and the Delaware SUTA threshold is $16,500.

2: An employer in Bridgeport, Connecticut, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,500, $12,900, and $14,200. During the current pay period, these employees earn $2,050, $1,980, and $2,760, respectively. The applicable SUTA tax rate is 4.9%, and the Connecticut SUTA threshold is $15,000.

3: An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $1,420 and $26,100. During the current pay period, these employees earn $3,760 and $1,750, respectively. The applicable SUTA tax rate is 3%, and the U.S. Virgin Islands SUTA threshold is $26,500.

4: An employer in Durham, North Carolina, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $6,000, $21,700, and $34,900. During the current pay period, these employees earn $990, $1,530, and $1,510, respectively. The applicable SUTA tax rate is 1.2%, and the North Carolina SUTA threshold is $24,300.