Thursday, August 23, 2018
known as credit reduction states
Among the team's other plan for the anniversary celebration is the selection of a 25 man, all time Astros roster. Fans and a panel of experts will vote on an all decade roster from the 1960, '70s, '80s, '90s, and 2000s. From each decade's roster, fans can vote online for the all time roster.
Those employers who pay their state unemployment tax (SUTA) on time and in full receive a full tax credit of 5.4%, making the effective tax rate 0.6%. However, if this were not confusing enough, the act also allowed for a reduction in this 5.4% FUTA tax credit in cases where individual state unemployment systems borrowed from the federal unemployment fund and were not able to pay back the loan timely. States that fall under this category are known as credit reduction states..
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