5. Sam Henderson 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 Sam pay at the end of quarter 1?

Question

5.	Sam Henderson 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 Sam pay at the end of quarter 1?

ranga · Answer

Total salary per week = $600 + $950 = ?
A quarter has 13 weeks.  So the total salary paid per quarter = 13 * weekly salary = ?
Tax percentages are given.  Compute tax for 1 quarter (which is 1/4 of a year)