Futa Tax Rate 2024 California. The futa tax applies to the first $7,000 in wages you pay an employee throughout the calendar year. The federal unemployment tax act (futa) is a crucial component of the national unemployment insurance program, which.
Futa stands for the federal unemployment tax act— it helps cover the cost of unemployment insurance and state employment agencies. For 2021 employers’ ui contributions were based on the “f” contribution rate.