2. the spontaneous mixing of the molecules or ions of two or more substances resulting from random thermal motion; its rate is proportional to the concentrations of the substances and it increases with the temperature.
The current exception to this rule is employers in the state of California. The state of California owes money to the federal government, so as a result California employers must pay 1.8% for FUTA tax. FUTA tax is only assessed on the first $7,000 in wages for each employee. For California employers, this would result in $126 per employee ($7,000 times 0.018). For employers in the remaining 49 states, this would be $42 per employee ($7,000 times 0.006). For more information on FUTA tax rates and filing requirements, check out our full guide here.
Calculate the amount of SUTA tax for the employee. Multiply the percentage of required SUTA tax by the employeeâs gross wages (including all tips, commissions and bonuses). For example, if your SUTA rate is 5.4 percent and the employeeâs wages are $400, your SUTA tax for that employee is 5.4 percent of $400 or $21.60. Step 4 Calculate the SUTA tax credit to be taken against your federal unemployment tax obligation (FUTA tax). The nominal 6.2 percent FUTA tax can be reduced by as much as 5.4 percent. Using the example from Step 3, you would take the maximum 5.4 percent credit, leaving a minimum FUTA tax of just 0.8 percent.