Payroll and Taxes Pay employees your way and automate tax payments. Human Resources Hire, onboard, manage, and develop productive employees. Time and Attendance Track employee time and maximize payroll accuracy. 401(k) and Retirement Help employees save for retirement and reduce taxable income. ...
Reserve ratio formula:Your company’s balance in the unemployment reserve account. The reserve account is calculated by adding up all your contributions to the account and then subtracting total benefits paid. This amount is then divided by your company’s total payroll. The higher the reserve rat...
While it may initially seem complicated, calculating your FUTA tax liability is simple. You pay taxes on the first $7,000 of an employee’s wages in a calendar year period (excluding exempt payments). Any amount an employee earns after the first $7,000 isn’t liable to FUTA tax. This ...