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Payroll trends to watch in 2022 (Part 2)

ThomsonReuters

Typically, when an employer needs to terminate an employment relationship with workers, the employer’s unemployment tax rate for the following year may increase. This comes to an additional $21 in FUTA tax per employee to the $7,000 annual taxable wage base. Taxes are still due. Currently, there are 12 states and the U.S.

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