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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. A. $950.64; $67.14 B. $655.64; $97.14 C. $755.64; $81.14 D. $850.64; $91.14

Respuesta :

Answer:

D. $850.64; $91.14

Step-by-step explanation:

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

So for 1 quarter, he will pay :

[tex]13\times160[/tex] = $2080

[tex]13\times470[/tex] = $6110

[tex]13\times800[/tex] = $10400

Given is that the base is $7,000.

It implies that the unemployment rate is to be paid on the first $7000 only.

Given rates are :

State rate of 5.6% and a federal rate of 0.6%.

State unemployment = [tex](0.056\times2080)+(0.056\times6110)+(0.056\times7000)[/tex] = $850.64

Federal unemployment = [tex](0.006\times2080)+ (0.006\times6110)+ (0.006\times7000)[/tex]  = $91.14

So, the correct option is D.

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