The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are

Question

The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? $534.60. $336.00. $0.00. $594.00. $420.00. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? $534.60. $336.00. $0.00. $594.00. $420.00. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? $534.60. $336.00. $0.00. $594.00. $420.00.

Explanation / Answer

the amount of total unemployment taxes the employer must pay on this employee's wages = (0.60 + 5.40)% of $7000 ( i.e. first of an employee's pay) = $7000 * 6% = $420 (last option)

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