The SUTA rate for Westcoast Publishers is \( 5.4 \% \) and its FUTA rate is \( 6.2 \% \) less the \( 5.4 \% \) SUTA credit. If its biweekly payroll was \( \$ 32,806 \) for 47 employees none was for payments to employees in excess of the \( \$ 7,000 \) wage base, then what were the total FUTA and SUTA taxes for the payroll? Select one: a. \( \$ 1,524.90 \) b. \( \$ 2,033.97 \) c. \( \$ 2,989.96 \) d. \( \$ 1,476.27 \)

To find the total FUTA and SUTA taxes, we first need to determine the applicable rates and calculate the taxes based on the provided payroll. 1. **Calculate the SUTA tax:** \[ \text{SUTA Tax} = \text{Payroll} \times \text{SUTA Rate} = 32,806 \times 0.054 = 1,769.564 \text{ or } 1,769.56 \] 2. **Calculate the FUTA tax credit:** \[ \text{FUTA Rate} = 6.2\% - 5.4\% = 0.8\% \] \[ \text{FUTA Tax} = \text{Payroll} \times \text{FUTA Rate} = 32,806 \times 0.008 = 262.448 \text{ or } 262.45 \] 3. **Total taxes:** \[ \text{Total Taxes} = \text{SUTA Tax} + \text{FUTA Tax} = 1,769.56 + 262.45 = 2,032.01 \] So, the closest selection that matches our computed total taxes is: b. \( \$ 2,033.97 \)