FOR SALE: Why is the State Unemployment Tax Act (SUTA) important in the USA, Hawaii

The purpose of the State Unemployment Tax Act (SUTA) is to finance unemployment benefits for workers who lose their positions through no fault of their own. Employers in the United States are required to pay the SUTA to their respective state governments. The SUTA tax is computed according to state-specific regulations. The taxable wage base is the first quantity of an employee's earnings that’s subject to the SUTA tax. The tax rate varies depending on the number of former employees who have received unemployment benefits from the employer. The United States does not have a uniform SUTA tax rate. It varies from state to state. The rate is determined by the size of the company/business, its claim history, and the unemployment rate in the state as a whole.

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