USA Unemployment Tax Credit

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Jul 14, 2023
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Hello,

We received a credit for SUTA (state unemployment tax) and I would like to know your thoughts on how to book it. I can think of at least 3 ways to book for this but is there like a common practice?

Thank you!
 
Joined
Apr 1, 2020
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Hi albalma,

Record this as a credit to the account where you post state unemployment tax expense when you post payroll entries.

Regards,

Kat
 

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