joyce meadow pays her three workers $160, $470, and $800, respectively, per week. calculate what joyce will…

joyce meadow pays her three workers $160, $470, and $800, respectively, per week. calculate what joyce will pay at the end of the first quarter for (a) state unemployment and (b) federal unemployment. assume a state rate of 5.6% and a federal rate of .6%. base is $7,000.

joyce meadow pays her three workers $160, $470, and $800, respectively, per week. calculate what joyce will pay at the end of the first quarter for (a) state unemployment and (b) federal unemployment. assume a state rate of 5.6% and a federal rate of .6%. base is $7,000.

Answer

Explanation:

Step1: Calculate total weekly pay

$160 + 470+800=$1430$

Step2: Calculate number of weeks in a quarter

There are 13 weeks in a quarter.

Step3: Calculate total quarterly pay

$1430\times13 = $18590$

Step4: Calculate state unemployment (A)

Since the base is $7000$ and the state rate is $5.6%$, and the total pay per - employee is less than $7000$ in a quarter. Total quarterly pay is $18590$. State unemployment $=18590\times0.056=$1041.04$

Step5: Calculate federal unemployment (B)

Using the federal rate of $0.6%$, federal unemployment $=18590\times0.006=$111.54$

Answer:

(A) $$1041.04$ (B) $$111.54$