In 2022, Santiago aSince the SUTA rates changes are made at the end of each year, the available 2022 rates were used for FUTA and SUTA.

Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers.

The partnership of Keenan and Kludlow paid the following wages during this year:
M. Keenan (partner) $101,500
S. Kludlow (partner) 90,500
N. Perry (supervisor) 51,300
T. Lee (factory worker) 35,500
R. Rolf (factory worker) 27,900
D. Broch (factory worker) 6,900
S. Ruiz (bookkeeper) 26,200
C. Rudolph (maintenance) 5,000
In addition, the partnership owed $250 to Rudolph for work he performed during December. However, payment for this work will not be made until January of the following year. The state unemployment tax rate for the company is 2.95% on the first $9,000 of each employee's earnings. Compute the following:

Round your answers to the nearest cent.

a. Net FUTA tax for the partnership for this year
b. SUTA tax for this year
a. Gross payroll; less partner's wages, less salaries above FUTA ceiling; multiply by net FUTA rate. (Ignore pending payment)
b. Gross payroll; less partner's wages, less salaries above SUTA ceiling; multiply by SUTA rate. (Ignore pending payment)

ChatGPTnd Amy are married and file a joint tax return. They have three dependent children, ages 9, 14, and 19. All parties are U.S. citizens. The couple's AGI is $131,200.