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Published by Eva Rosenberg, MBA, EA

Issue 291       January 14, 2005
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FUTA Exempt

From: Fountain Valley, CA

Dear TaxMama,

What are FUTA exempt wages?

Ophelia

 

Hi Ophelia,

Wages over $7,000 per person.

Employers only pay FUTA on the first $7,000 per employee, per year.

Best wishes,
Eva Rosenberg, MBA, EA

SMALL BUSINESS TAXES MADE EASY - How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits

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