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.
Using the previous example, the gross amount of the bonus, accounting for federal and state taxes due, is $14,492.75 ($10,000 / .69). Step 4. Subtract the gross amount that you owe the employee from the agreed-upon bonus to determine the gross-up federal and state tax amount.Using the previous example, the gross-up amount for federal and state income taxes is $4,492.75 ($14,492.75 - $10,000).ubtract the total tax percentage from 100 percent to determine the net tax percentage. For example, assume that your employee must pay 31 percent on a $10,000 bonus. The net tax percentage is 69 percent (100 - 31).