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.
Example: The contractor paid a regular hourly wage rate of $7.10 per hour, and a year-end performance bonus of $350 to each employee. Although the bonus is included as part of one bi-weekly pay period, it is still considered to be applicable to one year of work, or 2,080 hours.he current FUTA rate of. 8% is only paid on wages up to a cap of $7,000, so there would rarely be a claim for FUTA on wage increases. The contract price is not adjusted for changes in the FUTA or SUTA rate. When an adjustment on wage increases is warranted, only the current FUTA and/or SUTA rate(s) apply.