Prior to December 4, the Fairhaven Corporation\'s two employees had the followin

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. $46.40

Explanation / Answer

Kevin: Federal unemployment tax $                    -   State unemployment tax $                    -   Total for Kevin $                    -   Linda: Federal unemployment tax =(7000-6600)*0.8% = $               3.20 State unemployment tax = (7000-6600)*5% = $             20.00 Total for Kevin $             23.20 Total for the corporation $             23.20 Option [b]

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