BTerrell Group Blog

FUTA Decrease - July 1, 2011

Posted by Meredith Gooch on Wed, Jul 06, 2011

Previously, FUTA-covered employers were assessed a tax of 6.2% on the first $7,000 of wages paid to each worker during a calendar year. As of July 1, 2011, the FUTA tax rate was scheduled to decrease to 6.0%. This rate, however, is not necessarily the rate that an employer pays.

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Tags: FUTA decrease, FUTA