Fred Stone is an employee of Henrock Comapny. During the first part of the year, Stone...
Fred Stone is an employee of Henrock Comapny. During the first part of the year, Stone earned $4,340 while working in State Q. For the remainder of the year, the company transferred him to State S where he earned $27,000. Henrock Company's tax rate in State Q is 4.6% and in State S, 4.0% on the first $7,000. If reciprocal arrangements exist between the two states, determine the SUTA tax that the company paid on Stone's earnings in State S.
Homework Answers
State Q= $4,340 - 4.6 %
State S =$27,000 - 4 %
$7,000 - $4,340 = $2,660
$2,660 × 4% = $106.40
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