If you intend to complete a two-year degree and carry those credits to a university like CTU, it may be helpful to explore associate degree options at the university where you plan to complete the bachelorâs program; or discuss your plans with an advisor to ensure your courses will transfer when youâre ready to enroll.
Federal unemployment taxes (called FUTA taxes) are paid by employers based on gross pay of employees (wages or salaries). The FUTA tax percentage may change each year. Currently (2015), For 2015, the FUTA tax rate is 6.0%. The tax applies to the first $7,000 you pay to each employee as wages during the year.
Multiply the employeeâs gross pay by 7.65 percent. The result equals the employeeâs Social Security and Medicare tax deductions. 6. Calculate the total amount of tax withheld from the employeeâs check. Divide the result by the employeeâs gross pay to determine the percentage of tax taken out of the paycheck. If you wish to perform a percentage calculation for all employees, calculate the taxes taken out of each employeeâs check individually and total the result.