TB MC Qu. 09-99 (Algo) The current Federal Unemployment Taxes (FUTA) tax rate is... The current Federal Unemployment Tax
Posted: Sat May 07, 2022 8:02 pm
TB MC Qu. 09-99 (Algo) The current Federal Unemployment Taxes (FUTA) tax rate is... The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $12,100. What is the amount of total unemployment taxes the employer must pay on this employee's wages?