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To: KarlInOhio

It is per year.

The Federal Unemployment Tax (FUTA) is 0.8% (assuming that you are currrent on your State Unemployment Tax (SUTA))

That is levied on the first $7000.00 of wages paid per employee.

The maximum tax is $56.00 per employee per year.

The State tax is a little different. In Texas the rate ranges from 0.1% to 2.7%. Your rate is based on employer experience and the amount of paid unemployment claims. The tax is levied on the first $9000.00 of wages paid per employee per year. The tax ranges from $9.00 to $273.00

Your combined tax assuming you have the lowest state rate is $64.00 per employee per year. (Assuming that they make at least $9000 per year)


46 posted on 11/19/2009 2:22:37 PM PST by Use as Directed
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To: Use as Directed

Err $65.00 per year not $64.00


47 posted on 11/19/2009 2:24:07 PM PST by Use as Directed
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