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During the year, Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $123,400. Compute: Round your answers to the nearest cent. a. Net FUTA tax $fill in the blank 1 b. Net SUTA tax fill in the blank 2 c. Total unemployment taxes

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abiolataiwo2015

The Net FUTA tax is $740.4,  Net SUTA is $5,923.2 and  Total unemployment taxes is $6,663.6.

Net FUTA tax, Net SUTA tax  and Total unemployment taxes

A. Net FUTA tax

Net FUTA tax= $123,400 x 0.6%

Net FUTA tax= $740.4

B. Net SUTA tax

Net SUTA tax= $123,400  x 4.8%

Net SUTA tax= $5,923.2

C. Total unemployment taxes

Total unemployment taxes= $5,923.2 + $740.4

Total unemployment taxes= $6,663.6

Therefore the Net FUTA tax is $740.4,  Net SUTA is $5,923.2 and  Total unemployment taxes is $6,663.6.

Learn more about Net FUTA tax, Net SUTA tax  and Total unemployment taxes here:https://brainly.com/question/17005623

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