Determine the unemployment taxes


During 2014, Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Company in Ames, Iowa, and earned $22,000. The state unemployment rate for Rowland is 4.6%. He then changed jobs and worked for Ford Improvement Company in Topeka, Kansas, and earned $29,500 for the rest of the year. The state unemployment rate for Ford is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by each company. Round your answers to the nearest dollar.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determine the unemployment taxes
Reference No:- TGS040834

Expected delivery within 24 Hours