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
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