Quote:
| Originally posted by sorro FUTA and SUTA only apply to the first few thousand dollars every year that people work. One of my myriad job responsibilities is doing financial work for my company, and everybody has maxed out at $56 for FUTA and $65 for SUTA (per year). This is the case with everyone from the CEO down to the cheapest student laborer. The other taxes are standard Federal, State, Medicare, and Social Security. Other than FUTA and SUTA, we don't pay anything to the government for unemployment insurance. |
http://seattle.bizjournals.com/seatt...ml?jst=m_ln_hl
Keep in mind that the business in this story are paying an AVERAGE of $600 in unemployment taxes per person for the year.
