What is the FUTA tax?

Answer The Federal Unemployment Tax is, for some employers, a required rate included as part of its employee labor burden. The employee does not share this burden with the employer.Federal Unemployment Ta... Read More »

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How is futa tax calculated?

FUTA is an acronym for Federal Unemployment Tax Act. FUTA works in conjunction with state unemployment programs to provide unemployment benefits to individuals. Employers can receive credit towards... Read More »

How do I calculate FUTA tax?

Obtain RateObtain the Federal Unemployment (FUTA) tax rate for the appropriate year. You can find this information in the updated Circular E the IRS sends employers each year; or, search for it onl... Read More »