Talk:Federal Unemployment Tax Act
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6.2% is incorrect I believe...should be .8%...
6.2% is incorrect I believe...should be .8%...
— Preceding unsigned comment added by 206.169.236.30 (talk • contribs) (26 July 2007)
The answer is both yes and no. The gross tax rate is 6.2%. The net tax rate is or can be 0.8%. I'll try to get back to the article later, to revise it to show how this works, with the interplay in connection with state unemployment taxes (too complicated to explain right now). Famspear 21:21, 26 July 2007 (UTC)
++Extension of 6.2% rate "FUTA rate for 2009. The 6.2% FUTA tax rate scheduled to decrease to 6.0% after December 31, 2008, has been extended by Public Law 110-343 through calendar year 2009." See http://www.irs.gov/instructions/i940/ar01.html for source