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Category > Accounting Posted 25 May 2017 My Price 6.00

Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in

 

In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Ohio. The company's SUTA tax rates based on its experience ratings are 3.2% in Nebraska and 3.8% in Ohio. Both states base the tax on the first $9,000 of each employee's earnings. This year, Freeman Steel Company paid Herb Porter wages of $20,900; $2,800 were paid in Nebraska and the remainder in Ohio. Compute the following: round your answers to the nearest cent.

a.Amount of SUTA tax the company must pay to Nebraska on Porter's wages
$

b.Amount of SUTA tax the company must pay to Ohio on Porter's wages
$

c.Amount of the net FUTA tax on Porter's wages (Ohio is a credit reduction state-0.9%.)Copy and paste your question here...

 
 

Answers

Alpha Geek
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Status NEW Posted 25 May 2017 12:05 PM My Price 6.00

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Attachments

file 1495715419-1667019_1_636311985999398640_1667019.xlsx preview (174 words )
In----------- Ap-----------ril----------- of----------- th-----------e c-----------urr-----------ent----------- ye-----------ar,----------- Fr-----------eem-----------an -----------Ste-----------el -----------Com-----------pan-----------y t-----------ran-----------sfe-----------rre-----------d H-----------erb----------- Po-----------rte-----------r f-----------rom----------- it-----------s f-----------act-----------ory----------- in----------- Ne-----------bra-----------ska----------- to----------- it-----------s p-----------lan-----------t i-----------n O-----------hio-----------. T-----------he -----------com-----------pan-----------y's----------- SU-----------TA -----------tax----------- ra-----------tes----------- b-----------ase-----------d o-----------n i-----------ts -----------exp-----------eri-----------enc-----------e r-----------ati-----------ngs----------- ar-----------e 3-----------.2%----------- in----------- Ne-----------bra-----------ska----------- an-----------d 3-----------.8%----------- in----------- Oh-----------io.----------- Bo-----------th -----------sta-----------tes----------- ba-----------se -----------the----------- ta-----------x o-----------n t-----------he -----------fir-----------st -----------$9,-----------000----------- of----------- ea-----------ch -----------emp-----------loy-----------ee'-----------s e-----------arn-----------ing-----------s. -----------Thi-----------s y-----------ear-----------, -----------Fre-----------ema-----------n S-----------tee-----------l C-----------omp-----------any----------- pa-----------id -----------Her-----------b P-----------ort-----------er -----------wag-----------es -----------of -----------$20-----------,90-----------0; -----------$2,-----------800----------- we-----------re -----------pai-----------d i-----------n N-----------ebr-----------ask-----------a a-----------nd -----------the----------- re-----------mai-----------nde-----------r i-----------n O-----------hio-----------. C-----------omp-----------ute-----------
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