What is the State Unemployment Tax Rate for 2012?

Employers must pay State and Federal Unemployment taxes (SUTA and FUTA). The federal unemployment rate is equal to 6.2% of gross compensation, but normally nets to 0.8% because employers are allowed to take a credit up to 5.4% if they pay their state unemployment taxes in full and on time.

SUTA Tax Rate 2012

Different states have different state unemployment tax rates. Employers need to consult their state for their particular requirements regarding state unemployment tax rates and maximum wage base. Many states require new businesses to use an average starting rate until an employment history is established.

Find More Information on FUTA and SUTA Tax Rates for 2012

How do you find your state's specific state unemployment tax rates? You can start at the IRS site and look up state information. This will then take you away from the IRS site and open up a map of the United States. Next, you click on your state and then begin to research your state's website. Sound like a lot of work? Who has the time?

Another State Unemployment Tax Rate Option

Try using the QuickBooks Online Payroll Calculator. Federal & state unemployment withholding taxes are calculated for you. After using the calculator, you can choose to pay employees with their free direct deposit, or you can print checks & stubs on your own printer.

Reporting and depositing payroll taxes to the appropriate agency in an accurate and timely manner is vital to your business. Late or inaccurate deposits may result in penalties and interest charges. These complex payroll tax requirements may seem intimidating, but by using the online payroll tax calculator you can simplify this responsibility.

Unemployment tax rates by States: California CA, Colorado CO, Connecticut CT, Delaware DE, District of Columbia DC, Florida FL, Georgia GA, Hawaii H, Idaho ID, Illinois IL, Indiana IN, Iowa IA, Kansas KS, Kentucky KY, Louisiana LA, Maine ME, Maryland MD, Massachusetts MA, Michigan MI, Minnesota MN, Mississippi MS, Missouri MO

Montana MT, Nebraska NE, Nevada NV, New Hampshire NH, New Jersey NJ, New Mexico NM, New York NY, North Carolina NC, North Dakota ND, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, Rhode Island RI, South Carolina, South Dakota, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VA, Washington WA, West Virginia WV, Wisconsin WI, and Wyoming WY.