Janet smooth pays her workers 175,495, and710 respectively per week. Calculate what Janet will pay t the end of the first quarter for a state unemployment and federal unemployment. Assume a state rate of 5.6% and federal .8% base is 7000

Question

Janet smooth pays her workers 175,495, and710 respectively per week. Calculate what Janet will pay t the end of the first quarter for a state unemployment and federal unemployment.  Assume a state rate of 5.6% and federal .8%  base is 7000

anonymous · Answer

I think you might need to use the A = Pe^rt equation for this

tkhunny · Answer

No, this is not interest accumulation.

Quarterly Earnings
175 * 13 = 2275
495 * 13 = 6435
710 * 13 = 9230

State Rate:
2275 * 0.056 = 127.40
6435 * 0.056 = 360.36
9230 * 0.056 = 516.88

Federal Base Rate Rate:
2275 < 7000, so 2275 * 0.008 = 18.20
6435 < 7000, so 6435 * 0.008 = 51.48
9230 > 7000, so 7000 * 0.008 = 56.00

Just focus and wade through it.  Spreadsheets can be wonderful things.

anonymous · Answer

lol yes they can, glad you found what you were looking for