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Level 1

Futa help

Can anyone answer this ..I am a math dummy and I am sure it's a simple answer.  Looking at Futa form I had 2 employees for 2019 one made 15K the second came in pt in Dec and had a $500. paycheck in 2019.  Do I pay the minimum on the 2 (14k) x.006 = $42each  or on the 7000 + 500x .006 =$45.  Thanks...

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Expert Alumni

Futa help

You pay on the first $7,000 for each employee.  So, for you a total of $7,500.

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Level 1

Futa help am I right with the calculation of 7k for 1st full timer and the second was 3rd qtr 479.50 so 7479.50 x .006 for a total of 44.87.  Jeez louise that is why I am a hairdresser...not much I realize I have done them wrong the last 2 years.  But the IRS never figured out my mistake..Much thanks! 

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