Generally an employer must pay what percent of FUTA tax, which is applied to the first $7000 of the employee's income for a year, if employees' wages total more than $1500 in any quarter.

Question

Quizplus · Accepted Answer

The Federal Unemployment Tax Act (FUTA) tax rate is generally 6.0%, but employers can receive a credit of up to 5.4% for state unemployment taxes, effectively making the FUTA tax rate 0.6%. However, the closest option provided is 6.2%, which seems to be a slight error but is the closest to the actual rate.

Generally an Employer Must Pay What Percent of FUTA Tax