futa suta

feliciaards · #1 Nov 5, 2007, 07:56 AM

When calculating the FUTA and SUTA is the calcualation for each performed the same way by means of multiplying the dollar amount by the tax rate?

gmgm2007 · Dec 27, 2007, 07:22 PM

There is a limit on FUTA and SUTA wages. The taxable wage for FUTA is $7000, so it means, if a person made $8000 in a year, you only tax $7000 of that $8000. Remember, FUTA is federal unemployment tax and only the employer pays it.

SUTA also has a limit, depending which state you're calculating for, the employer only pays taxes up to that taxable limit.



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