An employee earned $61,400 during the year working for an employer. The FICA tax

Question

An employee earned $61,400 during the year working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? An employee earned $61,400 during the year working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?

Explanation / Answer

Unemployment taxes are imposed on and paid by employers. Employees are not resposnsible for paying FUTA Tax and SUTA Tax.

Hence total unemployment taxes paid by the employee = 0

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