
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 68
Barry Michaels earns $36,500 per year as the housewares manager at the Home Design Center.
a. If the SUTA tax rate is 5.4% of the first $7,000 earned each year, how much SUTA tax must the company pay each year for Barry?
b. If the FUTA tax rate is 6.0% of the first $7,000 earned in a year minus the SUTA tax paid, how much FUTA tax must the company pay each year for Barry?

a. If the SUTA tax rate is 5.4% of the first $7,000 earned each year, how much SUTA tax must the company pay each year for Barry?

b. If the FUTA tax rate is 6.0% of the first $7,000 earned in a year minus the SUTA tax paid, how much FUTA tax must the company pay each year for Barry?

Explanation
Following information is given:
Gross e...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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