What is the FUTA taxable wage base for the year 2018?

The Federal Unemployment Tax Act (FUTA) sets the taxable wage base for unemployment taxes, which is the maximum amount of an employee's wages subject to FUTA tax. For the year 2018, this wage base was established at $7,000. This means that employers are required to pay FUTA taxes on the first $7,000 of each employee's wages during the year.

This figure has remained consistent for many years, making it essential for payroll professionals to stay informed about current and historical wage bases in order to accurately compute taxes and comply with federal regulations. Understanding the FUTA taxable wage base helps ensure that payroll calculations remain compliant and accurate, even as various limits for other programs may change.

The other options listed represent wage bases that differ from the correct amount applicable for 2018, which is why they do not reflect the established policy for that tax year.