nostr:npub1fzn4a5dsexudzv9lj0h9tsjvk47rktrr07zea7er7aexk94w0slsu098g0 nostr:npub100zpzjxhdr9dc2hjetc2z3gccg5ru2m2qgrr9ve46ry5w8hr27fq8ww3l7 no they just pay the FUTA tax
The Federal Unemployment Tax Act (FUTA) tax is imposed at a flat rate on the first $7,000 paid to each employee. The current FUTA tax rate is 6%, but most states receive a 5.4% “credit” reducing that to 0.6%. There is no action an employer can take to affect this rate. Some of this federal money is used for loans to states that don’t have enough in their UI trust funds to pay claims. If the loans are not repaid, the federal government raises that state’s employer tax rate.