1. US Payroll Implementation Guide
  2. Rates

Rates

Use these processing options to specify the rates the system processes for the report.

1. FUTA Tax Rate

Specify the tax rate used to calculate the quarterly Federal unemployment tax liability in part III of the 940 Annual Worksheet report. The default is .008.

2. Gross FUTA Tax Rate

Specify the tax rate used to calculate the gross FUTA tax amount. The default is .062.

3. Maximum Credit Rate

Specify the tax rate used to calculate the maximum credit amount. The default is .054.