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Determine for to state unemployment tax

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Reference no: EM132466694

The Federal Unemployment Tax Rate is 6 percent of an employee's wages up to $7,000.

  • A credit is allowed for state unemployment taxes of 5.4 percent.
  • Therefore, the effective federal unemployment tax rate is only 0.6 percent if the state also asses an unemployment tax.
  1. Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $1,310. The state unemployment tax rate is 5.4 percent.

Round your answer to two decimal places.

Question a. FUTA tax before the state tax credit

Question b. State unemployment tax

Question c. FUTA tax after the state tax credit

Reference no: EM132466694

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