Tag Archives: 2012 FUTA rate

FUTA Credit

We know that the federal government requires employers to pay a payroll tax on every employee.  It’s to fund the unemployment system run by the federal government.  The rate is 6.2% on the first $7000 of wages for each employee.  That comes to $434 per year per employee.  It’s called the Federal Unemployment Tax, or FUTA for short. States also have unemployment systems that work alongside the federal system.  Consequently… Read Article →