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Computing the tax. The FUTA tax is imposed at a single flat rate on the first $7,000 of wages that you pay each employee. Once an employee's wages for the calendar year exceed $7,000, you have no further FUTA liability for that employee for the year. The FUTA tax rate is 6 percent. That is the tax rate that applies to the first $7,000 in wages paid to each of your employees during the year. Credit for state unemployment taxes. You can generally claim credits against your gross FUTA tax to reflect the state unemployment taxes you pay.
This rate will be your marginal tax rate. If you had a taxable income of $150,000 in 2011, your marginal tax rate would be 39 percent. Calculate your average tax rate. To do this, divide the total amount of taxes paid by your taxable income. You can find the amount of taxes that you will pay by looking at a corporate tax schedule. In the United States, there is a progressive corporate tax, which means that tax rates generally rise as taxable income rises.