Trailers R Us hired Ren, 26, on January 1, 2021. Ren is a member of the long-term family assistance target group. In 2022, he worked 375 hours with wages of $4,500. In 2022, Trailers R Us hired Miroslava, 17. She worked from May 1 through September 1, totaling 425 hours with wages of $4,675. Assuming Trailers R Us had no other qualified employees, what is the maximum Work Opportunity Tax Credit (WOTC) they can claim

Trailers R Us hired Ren, 26, on January 1, 2021. Ren is a member of the long-term family assistance target group. In 2022, he worked 375 hours with wages of $4,500. In 2022, Trailers R Us hired Miroslava, 17. She worked from May 1 through September 1, totaling 425 hours with wages of $4,675. Assuming Trailers R Us had no other qualified employees, what is the maximum Work Opportunity Tax Credit (WOTC) they can claim

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 8PB: During 2019, Jake Gore worked for two different employers. Until May, he worked for Wonderman...

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During 2019, Jake Gore worked for two different employers. Until May, he worked for Wonderman Construction Company in Kansas City, Kansas, and earned 21,500. The state unemployment rate for Wonderman is 4.6%. He then changed jobs and worked for Buxmont Improvement Company in Mobile, Alabama, and earned 33,100 for the rest of the year. The state unemployment rate for Buxmont is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by: a. Wonderman Construction Company................................ _______ b. Buxmont Improvement Company.................................... _______
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Sung Khang worked for two different employers. Until May, he worked for Wonderman Construction Company in Kansas City, Kansas, and earned $21,500. The state unemployment rate for Wonderman is 4.6%. He then changed jobs and worked for Buxmont Improvement Company in Mobile, Alabama, and earned $33,100 for the rest of the year. The state unemployment rate for Buxmont is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by each company. Round your answers to the nearest cent. Use Figure 5.1 to determine SUTA caps in Alabama and Kansas. a. Wonderman Construction Company $fill in the blank 1 b. Buxmont Improvement Company $fill in the blank 2
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