Yellow Diamond Limousines Incorporated operates as a Nevada business. The SUTA wage base for Nevada is $36,600. Yellow Diamond Limousines Incorporated's SUTA tax rate is 3.40%. The employees' annual earnings for the past calendar year are as follows: John $42,400; Evie $55,700; Jason, $29,450; and Alec $52,900. What is Yellow Diamond Limousines Incorporated's SUTA tax liability for the year?    A. $4,408.10 B. $4,734.50 C. $6,135.30 D. $1,244.40

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter6: Deductions And Losses: In General
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Yellow Diamond Limousines Incorporated operates as a Nevada business. The SUTA wage base for Nevada is $36,600. Yellow Diamond Limousines Incorporated's SUTA tax rate is 3.40%. The employees' annual earnings for the past calendar year are as follows: John $42,400; Evie $55,700; Jason, $29,450; and Alec $52,900.
What is Yellow Diamond Limousines Incorporated's SUTA tax liability for the year?   

A. $4,408.10
B. $4,734.50
C. $6,135.30
D. $1,244.40    

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