|
Withhold from your employee's paycheck . . . |
|
Tax |
Rate |
|
|
| |
|
see IRS
publication, Circular E, Employer's Tax Guide for withholding
amounts
|
| |
|
|
|
|
|
|
|
|
|
| |
|
6.2% on first
$72,600 of income |
| |
|
|
|
|
|
As an employer you must pay the following . . . |
|
Tax |
Rate |
|
|
| |
|
6.2% on first $72,600
of income
|
| |
|
|
|
|
| |
Federal
Unemployment Tax
(FUTA) |
| |
|
| |
|
6.2% - 2.7%
= 3.5% of first $7,000
tax state credit*
|
| |
|
| |
State Unemployment Tax
SUTA |
| |
|
| |
|
2.7% (for first three
years then based upon an experience rating) of first $7,000
|
| |
|
|
|
| |
|
varies; check with a
private insurance carrier for rates
|
| |
|