What is the federal unemployment tax rate for 1998?
The gross federal unemployment tax rate for 1998 is 6.2% and is still figured on the first $7,000 of wages you paid each employee in 1998. However, if you have timely paid state unemployment contributions on the same wages, you can be eligible for a credit. For specific information, refer to Tax Topic 760, Form 940/940EZ – Employer’s Annual Federal Unemployment Tax Returns.
