Please Help, I can\'t figure out how to do this problem, these are my answers an

Question

Please Help, I can't figure out how to do this problem, these are my answers and they are wrong..

In this step, you will walk through the process to compute net FUTA tax due. Below is a list of employees for Doolin Insurance Services, with the amount during the calendar year. First determine the taxable earnings for each employee. Year to Date Calendar earnings Taxable Earnings 420 x 420 X 391.8 X 420 X Employee Name $40265.00 $11225.50$ $6530.00 54360.00 $ Faye Deering ul Estrada $225 50 Manuel Estrada on Eskridge Janet Lee Next, total the taxable earnings from above and apply the current FUTA tax rate to determine the gross FUTA tax due. Round the FUTA tax to the nearest Total taxable earnings $1,651.8 X x Rate of FUTA tax Amount of Gross FUTA tax$ 64% 99.11 X

Explanation / Answer

Current FUTA tax rate is 6% of total taxable earnings of any employee.

Taxable earnings above 7,000 is not included for calculation of FUTA Tax.

Now Year to date taxable earnings of below-mentioned employees are as calculated.

Calender earnings Year to date taxable Earnings Fayee derring 40,265 7,000 Manuel Estrada 11,225.50 7,000 Jon Eskridge 6530 6530 janet lee 54360 7,000 Total taxable earnings 27,530 FUTA tax rate 6% Amount of Gross FUTA tax 1651.8

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