Show I I I I Security Tax Remains Same Social Security tax rates for old age benefits are still three percent per percent percent cent Roland V. V Wise District Director of Internal Revenue Salt Lake City today reminded Utah employers Mr Wise said he was issuing I this thing reminder in response to a large number of calls he has received re reo about an insert mailed with the Employers Employer's Quarterly Federal Tax Return Form The insert called attention to toan to an increase in the Federal Un Unemployment Unemployment em Tax from 3 per cent to wl 1 per cent applicable to wages paid on and after atter January 1 1961 Mr Wise said He explained that this particular lar tax tar FUTA is paid entirely by by the employer and reported s to IRS on Form Employers Employer's Annual Annual An An- Annun nun nual Federal Unemployment Tax Return Return Employers of 4 or more moro individuals on at least 1 day of I each of 20 weeks are those liable for this tax Mr Wise said the social securIty security ity tax remains the same 3 per percent percent percent cent withheld from the employees employee's wages and 3 per cent paid by the employer or a 6 total of 6 per cent I These rates apply to the first of wages I He lie said sard th these e taxes are reported quarterly on Form He lie also said the social security rate rute for the self employed remains at 4 4 per ver cent |