The SUTA rate for LARVA Corporation is 5.4% and its FUTA rate is 6.2% less the 5

Question

The SUTA rate for LARVA Corporation is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit. If its semimonthly GROSS payroll is $252,400 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll? Answer a. $18,231.71 b. $22,219.51 c. $24,934.52 d. $15,648.80 The SUTA rate for LARVA Corporation is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit. If its semimonthly GROSS payroll is $252,400 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll? The SUTA rate for LARVA Corporation is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit. If its semimonthly GROSS payroll is $252,400 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes for the payroll? $18,231.71 $22,219.51 $24,934.52 $15,648.80 a. $18,231.71 b. $22,219.51 c. $24,934.52 d. $15,648.80

Explanation / Answer

$24,934.52 c. $24,934.52

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