Here is the table in the company database
select *from UPR40100 where FUTASUTA = 'FED'
What is the Federal Unemployment Tax Rate?
For each worker per year the tax is 6.2% for the first $7,000 of gross earnings. Now once that particular worker has reached the $7,000 point, the employer no longer pays the tax for that person for that year.
Some wages are exempt from the FUTA tax. For example, a parent who pays their child who is under 21 years of age, services performed outside of the United States and wages paid to an intern by a hospital. Those examples are just a few mentioned here but, there are many more. There are some credits that are allowed with respect to unemployment taxes paid that may reduce the effective rate to 0.8%.
For each worker per year the tax is 6.2% for the first $7,000 of gross earnings. Now once that particular worker has reached the $7,000 point, the employer no longer pays the tax for that person for that year.
Some wages are exempt from the FUTA tax. For example, a parent who pays their child who is under 21 years of age, services performed outside of the United States and wages paid to an intern by a hospital. Those examples are just a few mentioned here but, there are many more. There are some credits that are allowed with respect to unemployment taxes paid that may reduce the effective rate to 0.8%.
