A contractor must remit state unemployment tax (SUTA) based on the first $15,000 of each employee's annual wages at a rate of 3.2%. For an employee earning $45,000 annually, what is the SUTA tax liability?
Correct Answer
C) $480
SUTA is calculated only on the first $15,000 of wages: $15,000 × 3.2% = $480
Why This Is the Correct Answer
SUTA is calculated only on the first $15,000 of wages: $15,000 × 3.2% = $480
More NASCLA Questions
How long should daily reports and project correspondence typically be retained after project completion?
Which AIA document contains the general conditions that govern the rights and responsibilities of all parties in a construction contract?
A construction company has direct labor costs of $85,000, direct materials of $120,000, and overhead costs of $45,000 for a project. What is the total job cost?
What is the primary purpose of job cost accounting in construction?
A construction company has current assets of $350,000 and current liabilities of $280,000. What is the company's working capital?
In CSI MasterFormat, which division covers earthwork and site preparation?
On an electrical plan, a rectangle with three parallel lines inside typically represents:
In a mechanical drawing, what does 'CFM' typically measure?
In CSI MasterFormat Division 08, which of the following would typically be included?
On a mechanical plan, what does the symbol 'RTU' typically indicate?
People Also Study
Business & Financial Management
120 questions · 70% to pass
Contract Administration
60 questions · 70% to pass
Project Management
60 questions · 70% to pass
Related Study Resources
Previous Question
What is the primary advantage of using Type III (high early strength) Portland cement in commercial construction?
Next Question
A trench is being excavated in Type B soil. If the trench is 12 feet deep, what is the maximum allowable slope ratio for the sides without additional protective systems?