SUTA (State Unemployment Tax Act) tax rates vary by state and the taxable wage base can also differ. If you are referring to a specific state and a taxable wage base, you would need to apply the state's SUTA tax rate to the $700. For example, if the SUTA tax rate is 3%, you would calculate 3% of $700, which equals $21. Be sure to check your state's current rate for an accurate calculation.
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