Narrative 9-2
Use the Information Below to Solve the Following

question 99

Short Answer

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } & \text { Tax Rate } & \text { Wage Base } \\\text { Social security } & 6.2 \% & \$ 128,400 \\\text { Medicare } & 1.45 \% & \text { no limit } \\\text { FUTA } & .6 \% & \$ 7,000 \\\text { SUTA } & 5.4 \% & \$ 7,000\end{array}$$
-Refer to Narrative in your text 9-2. Jay Tile Works employs two installers. Rick earns $800.00 per week and Stanley earns $530.00 per week. How much FUTA and SUTA tax does Jay Tile Works owe for the first quarter of the year?

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Definitions:

Third Side

A concept in conflict resolution that suggests the involvement of an impartial third party who can help mediate or offer solutions to disputes between two other parties.

Legal Sanctions

Measures taken by a legal authority to enforce laws, ranging from fines and penalties to imprisonment.

Conflict Resolution

The process of addressing and settling disputes or disagreements among parties through dialogue, negotiation, or other peaceful means.

Warfare

The engagement in or the activities involved in war or conflict, including strategies, tactics, and combat operations.