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  • Date 10.21.2011
    2012 Social Security Wage Base
    The social security wage base will increase from $106,800 in 2011 to $110,100 in 2012. There is no limit to the wages subject to the Medicare tax, so all wages are subject to the 1.45% tax. The FICA tax rate, which is the combined social security tax rate of… >>Read More
  • Date 07.18.2011
    FUTA surtax is no longer in effect
    Beginning July 1, 2011, the 0.2% federal unemployment tax (FUTA) surtax is no longer in effect. Thus, the FUTA tax rate, before consideration of state unemployment tax credits, is now 6.0%. Employers need to separately track FUTA taxable wages paid before July 1, 2011, and FUTA taxable wages paid… >>Read More

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