help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The following unemployment tax rate schedule is in effect for the calendar year 2020 in State A, which uses the reserve-ratio formula in determining employer contributions: Reserve Ratio Contribution Rate 0

The following unemployment tax rate schedule is in effect for the calendar year 2020 in State A, which uses the reserve-ratio formula in determining employer contributions: Reserve Ratio Contribution Rate 0

Management

The following unemployment tax rate schedule is in effect for the calendar year 2020 in State A, which uses the reserve-ratio formula in determining employer contributions:

Reserve Ratio Contribution Rate
0.0% or more, but less than 1.0% 6.7%
1.0% or more, but less than 1.2% 6.4%
1.2% or more, but less than 1.4% 6.1%
1.2% or more, but less than 1.4% 5.8%
1.6% or more, but less than 1.8% 5.5%
1.8% or more, but less than 2.0% 5.2%
2.0% or more, but less than 2.2% 4.9%
2.2% or more, but less than 2.4% 4.6%
2.4% or more, but less than 2.6% 4.3%
2.6% or more, but less than 2.8% 4.0%
2.8% or more, but less than 3.0% 3.7%
3.0% or more, but less than 3.2% 3.4%
3.2% or more 3.1%

Conrad Company, which is located in State A, had an average annual payroll of $1,150,000 for the three 12-month periods ending on June 30, 2019 (the computation date for the tax year 2020). As of June 30, 2019 the total contributions that had been made to Conrad Company's reserve account, in excess of the benefits charged, amounted to $21,560. Compute:

 

b. 2020 contribution rate for the company .........................................................     _____________________%

Option 1

Low Cost Option
Download this past answer in few clicks

2.94 USD

PURCHASE SOLUTION

Already member?

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 3 times

Completion Status 100%
View Answer

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)