Caruso Company's SUTA Rate for Next Year Is 2

question 13

Essay

Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(contributions - benefits paid) ÷ average payroll = $93,500 ÷ $971,500 = 9.62%]. If the next category (10% to less than 12%) would give Caruso a lower tax rate of 2.3%, what would be the amount of the voluntary contribution needed to get Caruso to that next category?

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Definitions:

Involuntary Body Activities

Physical functions that occur without conscious control, such as breathing, heartbeat, and digestion.

Continuous Readings

Measurements or data collection that is carried out without interruption over a specified period of time.

Cognitive-Behavioral Model

A theoretical perspective that emphasizes both behavior and the process and content of thinking as causes of psychological problems.

Psychodynamic

A psychological perspective that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experiences.