Author Archives: FUTA Tax

Hawaii FUTA Tax

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What is Hawaii Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Hawaii FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Hawaii – FUTA Tax Rate: is 0.6%
Hawaii – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Hawaii 6.0% -5.4% 0.6% $7000

Hawaii FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Hawaii FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Hawaii FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Hawaii FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on HI FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Hawaii FUTA Tax? Employer pays for the FUTA Tax
  4. I need Hawaii Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Hawaii FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Hawaii Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Hawaii Dept of Labor http://labor.hawaii.gov
Hawaii Dept of Revenue  http://tax.hawaii.gov

Hawaii five largest cities in terms of population: Honolulu, Hilo, Kailua, Kapolei, and Kaneohe. The FUTA Tax and Unemployment Insurance is the same for all the locations.

Idaho FUTA Tax

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What is Idaho Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Idaho FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Idaho – FUTA Tax Rate: is 0.6%
Idaho – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Idaho 6.0% -5.4% 0.6% $7000

Idaho FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Idaho FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Idaho FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Idaho FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on ID FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Idaho FUTA Tax? Employer pays for the FUTA Tax
  4. I need Idaho Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Idaho FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Idaho Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Idaho Dept of Labor http://labor.idaho.gov
Idaho Dept of Revenue  www.tax.idaho.gov

Idaho five largest cities in terms of population: Boise, Nampa, Meridian, Idaho Falls, and Pocatello.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

New Mexico FUTA Tax

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What is New Mexico Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is New Mexico FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

New Mexico – FUTA Tax Rate: is 0.6%
New Mexico – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 New Mexico 6.0% -5.4% 0.6% $7000

New Mexico FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

New Mexico FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

New Mexico FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for New Mexico FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on NM FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for New Mexico FUTA Tax? Employer pays for the FUTA Tax
  4. I need New Mexico Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on New Mexico FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit New Mexico Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
New Mexico Dept of Labor www.dws.state.nm.us
New Mexico Dept of Revenue  www.tax.newmexico.gov

New Mexico five largest cities in terms of population: Albuquerque, Las Cruces, Rio Rancho, Santa Fe and Roswell.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Nevada FUTA Tax

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What is Nevada Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Nevada FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Nevada – FUTA Tax Rate: is 0.6%
Nevada – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Nevada 6.0% -5.4% 0.6% $7000

Nevada FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Nevada FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Nevada FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Nevada FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on NV FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Nevada FUTA Tax? Employer pays for the FUTA Tax
  4. I need Nevada Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Nevada FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Nevada Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Nevada Dept of Labor http://uitax.nvdetr.org
Nevada Dept of Revenue  ttp://tax.state.nv.us

Nevada five largest cities in terms of population: Las Vegas, Henderson, North Las Vegas, Reno, and Sparks.   The FUTA Tax and Unemployment Insurance is the same for all the locations.

Kansas FUTA Tax

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What is Kansas Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Kansas FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Kansas – FUTA Tax Rate: is 0.6%
Kansas – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Kansas 6.0% -5.4% 0.6% $7000

Kansas FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Kansas FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Kansas

 

 

 

FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Kansas FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on KS FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Kansas FUTA Tax? Employer pays for the FUTA Tax
  4. I need Kansas Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Kansas FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Kansas Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Kansas Dept of Labor www.dol.ks.gov
Kansas Dept of Revenue  www.ksrevenue.org

Kansas five largest cities in terms of population: Wichita, Overland Park, Kansas City, Topeka, and Olathe.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Utah FUTA Tax

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What is Utah Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Utah FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Utah – FUTA Tax Rate: is 0.6%
Utah – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Utah 6.0% -5.4% 0.6% $7000

Utah FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Utah FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Utah FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Utah FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on NE FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Utah FUTA Tax? Employer pays for the FUTA Tax
  4. I need Utah Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Utah FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Utah Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Utah Dept of Labor https://jobs.utah.gov
Utah Dept of Revenue  www.tax.utah.gov

Utah five largest cities in terms of population: Salt Lake City, West Valley City, Provo, West Jordan, and Orem.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Mississippi FUTA Tax

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What is Mississippi Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Mississippi FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Mississippi – FUTA Tax Rate: is 0.6%
Mississippi – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Mississippi 6.0% -5.4% 0.6% $7000

Mississippi FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Mississippi FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Mississippi FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Mississippi FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on MS FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Mississippi FUTA Tax? Employer pays for the FUTA Tax
  4. I need Mississippi Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Mississippi FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Mississippi Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Mississippi Dept of Labor www.mdes.ms.gov
Mississippi Dept of Revenue  www.dor.ms.gov

Mississippi five largest cities in terms of population: Jackson, Gulfport, Hattiesburg, Southaven, and Biloxi.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Arkansas FUTA Tax

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What is Arkansas Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Arkansas FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Arkansas – FUTA Tax Rate: is 0.6%
Arkansas – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Arkansas 6.0% -5.4% 0.6% $7000

Arkansas FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Arkansas FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Arkansas FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Arkansas FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on AR FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Arkansas FUTA Tax? Employer pays for the FUTA Tax
  4. I need Arkansas Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Arkansas FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Arkansas Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Arkansas Dept of Labor http://dws.arkansas.gov
Arkansas Dept of Revenue  www.dfa.arkansas.gov

Arkansas five largest cities in terms of population: Little Rock, Fort Smith, Fayetteville, Springdale, and Jonesboro.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Iowa FUTA Tax

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What is Iowa Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Iowa FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Iowa – FUTA Tax Rate: is 0.6%
Iowa – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Iowa 6.0% -5.4% 0.6% $7000

Iowa FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Iowa FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Iowa FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Iowa FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on IA FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Iowa FUTA Tax? Employer pays for the FUTA Tax
  4. I need Iowa Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Iowa FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Iowa Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Iowa Dept of Labor www.iowaworks.org
Iowa Dept of Revenue  https://tax.iowa.gov

Iowa five largest cities in terms of population: Des Moines, Cedar Rapids, Davenport, Sioux City and Waterloo.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Oklahoma FUTA Tax

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What is Oklahoma Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Oklahoma FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Oklahoma – FUTA Tax Rate: is 0.6%
Oklahoma – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Oklahoma 6.0% -5.4% 0.6% $7000

Oklahoma FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Oklahoma FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Oklahoma FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Oklahoma FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on OK FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Oklahoma FUTA Tax? Employer pays for the FUTA Tax
  4. I need Oklahoma Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Oklahoma FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Oklahoma Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Oklahoma Dept of Labor http://www.ok.gov/oesc_web
Oklahoma Dept of Revenue  www.oktax.state.ok.us

Oklahoma five largest cities in terms of population: Oklahoma City, Tulsa, Norman, Broken Arrow and Lawton.  The FUTA Tax and Unemployment Insurance is the same for all the locations.