The SUTA rate for Worldwide Industries is \( 4.2 \% \) and its FUTA rate is \( 6.2 \% \) less the \( 5.4 \% \) SUTA credit. If its weekly payroll is \( \$ 52,174 \) and none was for payments to employees in excess of the \( \$ 7,000 \) wage base, then what are the total FUTA and SUTA taxes for the payroll? select one: a. \( \$ 4,048.70 \) b. \( \$ 4,386.10 \) c. \( \$ 2,608.70 \) d. \( \$ 3,279.54 \)

To calculate the total FUTA and SUTA taxes for Worldwide Industries, we first need to compute both taxes individually based on the provided rates and payroll. 1. **SUTA Tax Calculation**: - The SUTA rate is \( 4.2\% \). - The applicable wage base is \( \$ 7,000 \) per employee. - Since the total payroll of \( \$ 52,174 \) can be divided by \( \$ 7,000 \) to determine the number of employees, \( 52,174 / 7,000 \approx 7.5 \) implies there are 7 employees plus a portion of the 8th employee, but we will consider only 7 complete employees for this calculation. - Thus, total taxable salary for SUTA is \( 7 \times 7,000 = 49,000 \). - SUTA tax: \( 4.2\% \times 49,000 = 2,058.00 \). 2. **FUTA Tax Calculation**: - The FUTA rate is \( 6.2\% \) with a \( 5.4\% \) credit, so effective FUTA rate is \( 6.2\% - 5.4\% = 0.8\% \). - The total taxable salary for FUTA is also \( 49,000 \). - FUTA tax: \( 0.8\% \times 49,000 = 392.00 \). 3. **Total Taxes**: - \( SUTA + FUTA = 2,058.00 + 392.00 = 2,450.00 \). None of the provided answer choices matches that amount; thus, it seems either the calculations need another review, or there may be additional information to consider about how many employees are paid exactly \( \$ 7,000 \) and if excess needs to be factored into taxable amounts. Looking into the options you provided, we need to ensure we reached the appropriate taxable amounts for each rate while staying consistent across the payroll dataset to finalize what our calculations yield in the provided answer sets. Final computed taxes show a total of \( \$ 2,450.00 \). Please refer to your specific worksheets or details again but based on standard computations and available rate information set, something looks awry in totals presented against expected deductions for payroll periods. Total taxes won't tally up correctly without adjusting for these elements properly outlined!