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%. Federal is .6%. Base is $7,000

A 655.64, 97.14
B 850.64, 91.15
C 950.64, 67.14
D 755.64, 81.14

Respuesta :

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Answer:

Option B. 850.64, 91.15

Step-by-step explanation:

Joyce Meadow pays her three workers $160, $470 and $800 respectively per week.

one quarter of the year =  3 months or 13 weeks.

Joyce will pay them = 160 × 13 = $2,080

                                    470 × 13 = $6,110

                                    800 × 13 = $10,400

State rate is 5.6% and federal is 0.6% and Base is $7,000. Which means unemployment needs to be paid on first $7,000 only.

Therefore, state unemployment = (0.056 × 2,080) + (0.056 × 6,110) + (0.056 × 7,000)

= 116.48 + 342.16 + 392

= $850.64

Federal unemployment = (0.006 × 2,080) + (0.006 × 6,110) + (0.006×7,000)

= 12.48 + 36.66 + 42.0

= $91.14

State unemployment = $850.64

Federal unemployment = $91.14

Option B. is the answer.

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