Is the futa tax computed by the wage bracket table?

No, the FUTA (Federal Unemployment Tax Act) tax is not computed using the wage bracket tables. Instead, it is calculated based on the total wages paid to employees, with a standard rate of 6.0% on the first $7,000 of each employee's wages. Employers can receive a credit of up to 5.4% for state unemployment taxes paid, effectively reducing the FUTA rate to as low as 0.6%.