17 Mar How do I figure FUTA/SUTA earnings? This is what m
How do I figure FUTA/SUTA earnings? This is what my book gives: James Company has three employees .Its payroll information is given below. Employee Earnings Prior October to October Earnings Donald Robinson: $6050 $1200 OASDI Earnings FUTA/SUTA Earnings $1200 $950 Tax Rate Ceiling FICA OASDI 6.2% $97500 Medicare 1.45% No Ceiling FUTA 2.6% 7000 SUTA 3.6% 7000 What I do not understand is how they come up with the $950 for the FUTA/SUTA Earings. Can somebody please show me how they got that for him? I have tried for over three hours and can not figure it out.
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