At the time that the entry is made to record the employer's payroll taxes, the SUTA tax is recorded at the net amount (0.6%).

Question

Quizplus · Accepted Answer

The SUTA (State Unemployment Tax Act) tax rate varies by state and is not universally set at 0.6%. The 0.6% rate mentioned is actually the FUTA (Federal Unemployment Tax Act) rate that employers can pay after receiving a credit for paying state unemployment taxes on time. SUTA rates are determined by each state and can vary significantly.

At the Time That the Entry Is Made to Record