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Calculate the total amount for futa and suta taxes

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Question - ABC Company employs the following individuals: A. Dotson (President) $100,000 Annual T. Smith (Vice-President) $5,000 Monthly S. Johnson (Sales) $2,000 Semi-Monthly D. Grady (Sales) $1,000 Weekly S. Smith (Clerk) $500 Bi-Weekly The company is required to contribute 0.6% on the first $7,000 for each employee for FUTA Taxes, and 3.5% on the first $8,000 for each employee for SUTA Taxes. Calculate the total amount for FUTA and SUTA Taxes for the Feb. 14 Semi-Monthly pay period.

Reference no: EM133145979

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