FUTA Surcharge
Date: December 1, 2013
How Much Will I Owe?
Because Rhode Island and Connecticut unemployment systems have borrowed from the Federal Unemployment Fund and had outstanding loans for 2 or more years, a .9% surcharge will be assessed in December retroactive to January 1, 2013.
This means an extra $63.00 for each employee that had $7000 in earnings during the year. We will calculate the surcharge and add it to your 940 form, however we need to pay the extra amount and did not collect it into escrow during the year.
Datapay will debit this surcharge on 1/13/14
If you would like additional information, please refer to the IRS web page on the subject or their informational video.
