How do you compute FUTA and SUTA?

Question

Based on pay to date, and pay within current pay period?

Answer 1

See if the attached instructions for form 940  answers your question.

Answer 2

SUTA  The first $7,000 wages paid to an employee times your state rate, probably 3.4% when you start

FUTA  The first $7,000 wages paid to an employee times 0.8%