Assume the FUTA tax rate is 0.6% and the SUTA tax rate is 2.9%. Both taxes are applied to the first $7,000 of an employee\'s pay. What is the total unemployement tax an employer must pay on an employee\'s annual wages of $60,000? $180 $265 $380 $245 $180 $265 $380 $245 Solution FUTA Tax rate 0.60% FUTA $42.00 SUTA Tax rate 2.90% FUTA $203.00 Total Unemployment Tax $245.00.

1. Assume the FUTA tax rate is 0.6% and the SUTA tax rate is 2.9%. Both taxes are applied to the
first $7,000 of an employee's pay. What is the total unemployement tax an employer must pay
on an employee's annual wages of $60,000?
$180
$265
$380
$245
$180
$265
$380
$245
Solution
FUTA Tax rate 0.60% FUTA $42.00 SUTA Tax rate 2.90% FUTA $203.00 Total
Unemployment Tax $245.00