Federal Employment Laws and Regulations

Free CPA REG (Taxation & Regulation) lesson in Business Law. 17 min read, ~2,510 words.

FICA splits equally: 6.2% Social Security up to the wage base, 1.45% Medicare uncapped, plus 0.9% additional Medicare on wages above \$200,000 (employee only). FUTA is 6.0% on the first \$7,000, employer-only, with a 5.4% credit down to an effective 0.6% in most states. Form 941 quarterly, 940 annual FUTA...