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No, the FUTA (Federal Unemployment Tax Act) tax is not computed using the wage bracket tables. Instead, it is calculated based on the total wages paid to employees, with a standard rate of 6.0% on the first $7,000 of each employee's wages. Employers can receive a credit of up to 5.4% for state unemployment taxes paid, effectively reducing the FUTA rate to as low as 0.6%.

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1mo ago

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