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No, all versions of TurboTax are correctly updated for 2017. For 2017, the FUTA tax rate is 6.0%. The tax applies to the first $7,000 you pay to each employee as wages during the year. The $7,000 is the federal wage base.
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There are two parts of FICA -- one for Social Security and another for Medicare -- and both are assessed differently.
No, all versions of TurboTax are correctly updated for 2017. For 2017, the FUTA tax rate is 6.0%. The tax applies to the first $7,000 you pay to each employee as wages during the year. The $7,000 is the federal wage base.
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There are two parts of FICA -- one for Social Security and another for Medicare -- and both are assessed differently.
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