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Author Question: Kelly Interiors employed Jason Baker for 13 weeks during the first quarter of the year. His salary ... (Read 81 times)

Pineapplelove6

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on: Jun 24, 2018
Kelly Interiors employed Jason Baker for 13 weeks during the first quarter of the year. His salary was 680 per week. Compute the FUTA and SUTA taxes Kelly Interiors must pay on Baker's wages for the quarter, assuming that the state rate was 5.8?

Question 2

A 1,00 . bond, with interest at 9 on March 1 and September 1, was sold on October 30 at 105 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of 5 per bond.)


voltaire123

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Reply #1 on: Jun 24, 2018
Answer to Question 1

462
680 per week  13 weeks = 8,840 total wages
7,00 . maximum  0.00 . = 56 FUTA
7,00 . maximum  0.058 = 406 SUTA
56 + 406 = 462 total unemployment taxes

Answer to Question 2

1,059.75


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Pineapplelove6

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Reply #2 on: Jun 24, 2018
Correct answers!


voltaire123

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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