Payroll & Employment TaxAnswered

What is FUTA and how much does a foreign-owned LLC pay for federal unemployment tax?

CM
carlos_mx_db1cnew member
March 12, 2019 1,456 views 1 answer
FUTAunemployment taxForm 940state unemploymentforeign LLC

I keep seeing references to FUTA when reading about employer taxes for my foreign-owned LLC. I understand FICA but FUTA is confusing me. Is this separate from state unemployment tax? How much is it? I read somewhere it's 6% but then there's a credit that brings it down. Can someone explain exactly how FUTA works for a foreign-owned LLC with three employees in California?

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