Calculate the contribution rate


Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows: Under SUTA for New Mexico on taxable payroll of $28,000, the contribution rate is 3.9%. Under SUTA for Colorado on taxable payroll of $23,000, the contribution rate is 2.95%. Under SUTA for Utah on taxable payroll of $65,000, the contribution rate is 4.1%. Under FUTA, the taxable payroll is $94,500. Compute the following; round your answers to the nearest cent.

a. SUTA taxes paid to New Mexico $

b. SUTA taxes paid to Colorado $ c. SUTA taxes paid to Utah $ d. FUTA taxes paid $

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Accounting Basics: Calculate the contribution rate
Reference No:- TGS0556305

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