Prior to December 4, the Fairhaven Corporation\'s two employees had the followin
ID: 2513049 • Letter: P
Question
Prior to December 4, the Fairhaven Corporation's two employees had the following gross pay: Kevin $58,500 and Linda $6,600. During the week ended December 10, Kevin earned $2,500 and Linda $800. The Corporation's federal unemployment tax rate is .8% of the first $7,000 earned by each employee and the state unemployment tax rate is 5% of the first $7,000 earned by each employee. Calculate the Corporation's total unemployment payroll taxes for the week ended December 10. a. $191.40 b. $23.20 c. $812.00 d. $46.40 Prior to December 4, the Fairhaven Corporation's two employees had the following gross pay: Kevin $58,500 and Linda $6,600. During the week ended December 10, Kevin earned $2,500 and Linda $800. The Corporation's federal unemployment tax rate is .8% of the first $7,000 earned by each employee and the state unemployment tax rate is 5% of the first $7,000 earned by each employee. Calculate the Corporation's total unemployment payroll taxes for the week ended December 10. a. $191.40 b. $23.20 c. $812.00 d. $46.40 Prior to December 4, the Fairhaven Corporation's two employees had the following gross pay: Kevin $58,500 and Linda $6,600. During the week ended December 10, Kevin earned $2,500 and Linda $800. The Corporation's federal unemployment tax rate is .8% of the first $7,000 earned by each employee and the state unemployment tax rate is 5% of the first $7,000 earned by each employee. Calculate the Corporation's total unemployment payroll taxes for the week ended December 10. a. $191.40 b. $23.20 c. $812.00 d. $46.40Explanation / Answer
Answer
a . $ 191.40
kevin federal unemployment tax rate = 20
kevin state unemployment tax rate = 125
total taxes = 145
linda federal unemployment tax rate = 6.4
linda state unemployment tax rate = 40
total taxes = 46.4
total taxes = 145 + 46.4 = 191.4
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