As if employers’ bank accounts haven’t been stretched thin enough already, it looks like businesses may be staring down the barrel of more tax increases.
The Obama administration is proposing that the wage base for the Federal Unemployment Tax Act (FUTA) tax that employers pay be increased from $ 7,000 to $ 15,000.
Under the proposal, an employer’s maximum FUTA contribution per employee would increase from $ 434 to $ 930. If it’s passed, the increase would become effective in
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