Category: Uncategorized

The FICA tax rates and taxable wage bases are exactly the same for the employee and employer when the employee makes $200,000 or less.

A traveling salesperson who solicits and transmits to the principal orders for merchandise for resale is considered an employee under FUTA.

​Even if the duties of depositing the FUTA taxes and filing Form 940 have been outsourced, the employer is still the responsible party.

Noncash items given to household employees by their employers are subject to FICA tax.

There is no limit to the amount that an employer can contribute in an employee’s SIMPLE retirement account.

There is no limit to the amount that an employer can contribute in an employee’s SIMPLE retirement account.

The Social Security Act does not require self-employed persons to have an account number.

The Social Security Act does not require self-employed persons to have an account number.

The highest paid executives of a firm are excluded from coverage under the Federal Insurance Contributions Act (FICA).

A federal unemployment tax is levied on: