What are taxable wage inclusions and exclusions?
Taxable wages include total remuneration paid up to the taxable wage base limit of $8,500 before any deductions are made. The following wages are taxable: • Meal and lodging provided by an employer to an employee, unless the meals and lodging are provided on the employer’s premises for the employer’s convenience. • Tips which are reported pursuant to Section 6053 of the Internal Revenue Code. • Payments to workers for: (a) dismissal; (b) vacations; (c) sick leave (for first six months only); and (d) advances to employees for travel or other expenses for which no accounting or reporting to employers is required. • Payments by the employer of the employee’s share of Social Security (except for payments made by domestic and agricultural employers). Notation: The Federal Unemployment Taxable (FUTA) wage base remains unchanged at $7,000. The following wages are not to be reported: • Value of any special discount or markdown allowed to a worker on goods or services purchased from or supplied
Taxable wages include total remuneration paid up to the taxable wage base limit of $8,500 before any deductions are made. The following wages are taxable: • Meal and lodging provided by an employer to an employee, unless the meals and lodging are provided on the employer’s premises for the employer’s convenience. • Tips which are reported pursuant to Section 6053 of the Internal Revenue Code. • Payments to workers for: (a) dismissal; (b) vacations; (c) sick leave; and (d) Bonuses The following payments are not to be reported: • Employer payments, without deduction from the employee’s wages, for Retirement, Sickness or Accident disability insurance or medical insurance. • Payment by the employer, without deduction, of the employee’s Social Security Taxes • Vacation pay paid incident to or during a period of unemployment • Attendance bonus paid during or incident to any period of unemployment. • Wages of a sole proprietor, his/her spouse and children of the sole proprietor under 21 years
