FUTA rate for 2012
What is the FUTA rate for 2012? Kay
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ahoB1KnKmr4yUOacwZ5xHE
01/03/12 11:46am PST
Viewed by asker 01/03/12 12:33pm PST
Viewed by asker 01/03/12 12:33pm PST
3 Replies
01/03/12 11:55am PST
You are a little out of date with your rates.
That's what you get for copying other posters answers, when you yourself don't know the answer.
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01/03/12 11:57am PST
The solution
The current FUTA rate is 6.0% on the first $7000 of wages for each Employee.
By contributing to your State Unemployment program fund you can get a credit of up to 5.4% for a net FUTA rate of 0.6%. So you should use the 0.6% rate for 2012.
I hope this helps. Let us know by clicking on the "This Solved my Question" button or posting back with more information.
Thanks.
01/03/12 12:03pm PST
Latest post
Thank you! I didn't know what our friends in DC did at the last minute - whether it went back to 6.2% or stayed at 6.0%. Thanks.
