In September 2013 painter wax corp began operations in a state that requires new employers of one or more individuals to pay a state unemployment tax of 4.1% of the first 7k of wages paid each employer.
An analysis of the company's payroll for that year shows total wages paid of $212640.00the salaries of the president and the vice president of the company were 25k and15k respectively, for the four month period, but there were no other employees who received wages in excess of 7k for four moths. included in the total wages were 900.00 paid to a director who only attended director meetings during the year, 6300, paid to the factory superintendent, and 2k in employee contributions to a cafeteria plan made on a pretax basis- for both federal and state.
In addition to the total wages of 212640k, a payment of 2k was made to Anderson Accounting for an audit performed on the companies books in December 2013. Compute:
FUTA taxes
SUTA taxes
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