You'll stop paying FUTA tax on an employee's wages once they hit $7,000, but you'll continue paying FICA taxes on their wages up to the Social Security wage base. Who has to pay FUTA tax? Most employers in the
SUTA (state unemployment insurance taxes):Each state uses a different tax rateand wage base for their unemployment tax. Visit yourstate’s Department of Labor websiteto find out what they are where your company is based. Can my unemployment insurance tax rate change? Short answer: yes. Let’...