Caruso companys suta rate for next year is 29 because its


Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(contributions - benefits paid) ÷ average payroll = $93,500 ÷ $971,500 = 9.62%].

If the next category (10% to less than 12%) would give Caruso a lower tax rate of 2.3%, what would be the amount of the voluntary contribution needed to get Caruso to that next category?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Caruso companys suta rate for next year is 29 because its
Reference No:- TGS01407684

Expected delivery within 24 Hours