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Tag: FUTA
2 Articles
Orange arrow What is Federal Unemployment(FUTA)?

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  The Federal Unemployment Tax Act, with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only the employer pays FUTA tax; it is not withheld from the employee's wages. F...
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Orange arrow What are the changes in rates and limits for 2016?

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  Type 2016 Rate Wage Base Limit 2016 Max Paid (ER) Max Withheld (EE) OASDI (remains the same) EE/ER 6.2% $118,500 $7347.00 $7347.00 Medicare Wages over $200,000 EE/ER 1.45% EE Only Additional 0.9% No Limit No Limit ...

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