Business Mathamatics

Mathematics
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Morris Leste, owner of Carlson Company, has three employees who earn $700, $925, and $1,105 per week. What are the total state and federal unemployment taxes that Morris owes for the first 11 weeks of the year and for week 30? Assume a state rate of 5.6% and a federal rate of 0.8%

Jun 26th, 2015

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each employee has $700,$925,$1105 per week.

state rate of each=5.6/100*700=39.2

5.6/100*925=51.8

5.6/100*1105=61.88

total state rates=152.88

total federal rates=0.8%*700=0.0003584

0.8%*925=7.4

0.8%*1105=8.84

32.48

total of federal and state rates=32.48+152.88=185.36




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Jun 26th, 2015

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Jun 26th, 2015
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Jun 26th, 2015
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