The State Unemployment Tax Act, better known as SUTA, is a form of payroll tax that all states require employers to pay for their employees. SUTA is a counterpart to FUTA, the federal unemployment insurance program. Complete the following step: 1. Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note: Round your final answers to nearest cent. Name EARNINGS Gross OASDI HI FIT KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20- SIT DEDUCTIONS SUTA CIT NET PAY SIMPLE Grp. Ins. Health Ins. Ck. No. Amount
The State Unemployment Tax Act, better known as SUTA, is a form of payroll tax that all states require employers to pay for their employees. SUTA is a counterpart to FUTA, the federal unemployment insurance program. Complete the following step: 1. Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note: Round your final answers to nearest cent. Name EARNINGS Gross OASDI HI FIT KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20- SIT DEDUCTIONS SUTA CIT NET PAY SIMPLE Grp. Ins. Health Ins. Ck. No. Amount
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 2PB
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1-Compute and record the employee’s SUTA Contributions.(employees pay 0.06% on total gross pay).
2-Compute and record the Kipley Company’s SUTA and FUTA contributions
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