Question

5. wingspan Hercher pays his two employees $600 and $950 per week. Assume a state unemployment tax rate of 5.6% and a federal unemployment rate of .8%. What state and federal unemployment taxes will wingspan pay at the end of quarter 1 and quarter 2?

Answer 1

We are interested in the total federal and state unemployment taxes the employer pays at end of the first and second quarter.

We can add the two employee weekly salaries: $600 + $950 = $1550

Each quarter has 13 weeks. Find the total pay for 13 weeks.

Then find federal unemployment tax and state unemployment tax for 1 quarter (that is 1/4 of a year)

Answer 2

Ok thank you.

Answer 3

you are welcome.