Employer Futa Tax Rate 2024. However, you may receive a credit for timely payment of state unemployment tax of 5.4%. After an employee surpasses $7,000 in income, the employer can stop paying futa tax on them.


Employer Futa Tax Rate 2024

The 2024 futa tax rate is 6% of the first $7,000 from each employee’s annual wages. Calculating employer payroll taxes requires a clear understanding of the applicable rates and wage bases for each tax category, which can differ based on the.

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