What Is SUTA Tax and Who Pays It?
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What Is SUTA Tax and Who Pays It?
What Is SUTA Tax and Who Pays It?. The State Unemployment Tax Act (SUTA) describes state unemployment taxes imposed on employers. The majority of employers are responsible for paying federal and state unemployment taxes. Employers are responsible for payi
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PSa 5-3 Calculate FUTA TaxFor each of the following independent circumstances, calculate the FUTA tax owed by the employer:NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.1: An employer in Albany, New York, employs two individuals, whose taxable earnings to date (prior to the current pay period) are 8,100 and6,200. During the current payperiod, these employees earn 900 and1,730, respectively
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