What is the total futa and suta tax liability

Assignment Help Accounting Basics
Reference no: EM133116798

Question - Oceanic Recycling is a Maryland business that has a SUTA rate of 5.10% and an annual SUTA wage base of $8,500. The employee earnings for the past calendar year are: Blake, $32,360, Puja, $17,870, Sissi, $6,045, Mike, $10,020. What is the total FUTA and SUTA tax liability for Oceanic Recycling?

a. $1,771.07

b. $1,923

c. $1,619.08

d. $2,432.42

Reference no: EM133116798

Questions Cloud

Amount of the addition to retained earnings : Chan's Kung Pow Chicken Joint has sales of $267,400 and costs of $200,800 in 2015. The depreciation expense is $36,100. Interest paid equals $19,700 and dividen
Create a treatment plan for julia and her puppy : Julia has a five month old puppy, and he is almost house-trained. Julia works from 8:00 am - 6:00 pm. Create a Treatment Plan for Julia and her puppy
Calculate the expected rate of return of sonic healthcare : Sonic Healthcare Ltd. is a healthcare company listed in ASX. It is considering issuing ordinary shares to raise capital.
How would you explain the term elision : Describe the main difference between these two sounds with regard to tongue position, height, length, glide, and lip position and how you would help
What is the total futa and suta tax liability : Oceanic Recycling is a Maryland business that has a SUTA rate of 5.10% and an annual SUTA wage base of $8,500. What is the total FUTA and SUTA tax liability
What would be the bond duration : If a zero-coupon bond matures in 5.5 years and the related yield to maturity is 7% while the central bank discount rate is 1.5%, what would be the bond's durati
Explain the tdsr limits : John and Jane are married, and would like to borrow for a car purchase. They will be trading in Jane's existing car as a down payment. They are both 35 and have
Advantages and disadvantages of suggested menu item : What are some of the advantages and disadvantages of each suggested menu item based on the control points of purchasing, receiving/storing/issuing, production,
Compute the degree of operating leverage : The company sold 15,000 games last year at a selling price of $20 per game. Compute the degree of operating leverage

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd