Chapter 6 - Chapter 06 - Exercise 12 Calculate SUTA and...

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Calculate SUTA and FUTA Tax Due. SUTA Tax 3% First $7,000 FUTA Tax 0.80% First $9,000 Quarter Due First Qtr $230,900 6,927 1,847 Second Qtr $250,655 7,520 2,005 Third Qtr $175,450 5,264 1,404 Fourth Qtr $222,430 6,673 1,779 Total $26,383 $7,035 Directions: d. Total Column C and Column D. Gross Earnings SUTA Tax Due FUTA Tax Due a. Enter a formula in Cell C7 to calculate SUTA (SUTA = Gross Earnings x Cell B4). Copy the formula down Column C. Remember to make the reference to Cell B4 an absolute cell reference. b. Enter a formula in Cell D7 to calculate FUTA (FUTA = Gross Earnings x Cell B5). Copy the formula down Column D. Remember to make the reference to Cell B5 an absolute cell reference. c. Format the cells in Columns C and D for Currency and 0 Decimal places. Set the Currency symbol to none. e. Format the Totals for Currency and 0 Decimal places. Set the Currency symbol to $. f.
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This note was uploaded on 04/13/2010 for the course BUSINESS 15643 taught by Professor Schilz during the Spring '10 term at École Normale Supérieure.

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Chapter 6 - Chapter 06 - Exercise 12 Calculate SUTA and...

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