FUTA

The Federal Unemployment Tax Act provisions apply in Puerto  Rico as well as in the U.S.   The tax is imposed on persons who employ one or more individuals for a portion of a day in each of 20 weeks in the current or preceding calendar year, or who pay in the aggregate $1,500 or  more of wages in a calendar quarter of the current or preceding calendar year. 

The FUTA tax rate for 2000 is .8% after a credit of 5.4% for the Puerto Rico unemployment tax on the first $7,000 of wages paid  to an employee each calendar year.  No deposit is required if the tax is $100 or less.  The amount must be added to the tax for the next quarter.  Then, in the next quarter, if the total non-deposited tax is more  than $100, it must be deposited.  If the liability for the fourth quarter (plus any non-deposited amount from any earlier quarter) is over $100, the entire amount must be deposited by the due date of Form 940 PR (January  31).  If the tax is $100 or less, it must be deposited with Form 940 PR by its due date.