Question - Caruso company's SUTA tax rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less the 10% category {contributions - benefits paid}/average payroll = $93,500/$971,500 = 9.62%}
If the next category (10% to less than 12%) would give Caruso a lower tax rate of 2.3%, what would be the amount of the voluntary contribution needed to get Caruso to that next category?