IRS Releases Draft 2011 Form W-2

The Internal Revenue Service (IRS) recently released a draft Form W-2, Wage and Tax Statement for 2011. Box 9 Is not Applicable for 2011 Form Box 9, which formerly showed the amount of any Advance Earned Income Credit (EIC) payment, is not applicable for 2011 since it...

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Social Security Administration Announces 2011 Changes

The Social Security Administration announced recently that the Maximum Taxable Earnings or Social Security Wage Base would not change for 2011. Social Security Increases Based on CPI Change Since there was no increase in the Consumer Price Index (CPI-W) from the third...

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Ohio Minimum Wage to Increase to $7.40 per Hour for 2011

The Ohio Department of Commerce announced recently that, effective January 1, 2011, the minimum wage for the state of Ohio will increase to $7.40 per hour for non-tipped employees and $3.70 for tipped employees. Minimum Wage Applies to Employers That Gross More than...

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Oklahoma Unemployment Wage Base to Increase to $18,600

The Oklahoma Employment Security Commission has announced an increase in the taxable wage base for 2010. The wage base will increase from $14,900 for 2010 to $18,600 for 2011. Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable...

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Montana Minimum Wage Increases to $7.35 for 2011

The Montana Department of Labor and Industry announced recently that pursuant to Montana Code Annotated 39-3-409, the minimum wage for the state of Montana would increase to $7.35 per hour for 2011. Adjustment Must Be Calculated Annually The law requires an adjustment...

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IRS Releases Updated Per Diem Rates in Rev. Proc. 2010-39

In Rev. Proc. 2010-39, the Internal Revenue Service (IRS) released updated per diem rates for 2011 and made some minor changes to list of high-cost areas. Per Diem Rates Decrease for High-Cost and Other Localities In §5.02, the IRS announced that per diem rate for...

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Maryland Unemployment Wage Base to Remain at $8,500

Assistant Secretary Julie E. Squire of the Division of Unemployment Insurance of the Maryland Department of Labor, Licensing and Regulation has announced that the taxable wage base for 2011 will remain at $8,500, unchanged from 2010. Rate information for 2011 will be...

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Oregon Minimum Wages Increases to $8.50 for 2011

Brad Avakian, Commissioner of the Oregon Bureau of Labor and Industries, announced recently that, effective January 1, 2011, the minimum wage for the state of Oregon will increase to $8.50 per hour. Measure 25 Mandates Annual Adjustments As a result of Measure 25,...

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Iowa Increases Unemployment Rates and Wage Base for 2011

Iowa Workforce Development has announced that the 2011 unemployment rates will be based on Table 3; 2010 rates are based on Table 4. This move to higher rates is required to maintain the solvency of the Trust Fund used to provide unemployment benefits. Director...

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Missouri Unemployment Wage Base to Remain at $13,000

Director Lawrence G. Rebman of the Missouri Department of Labor and Industrial Relations has announced that the taxable wage base for 2011 will remain at $13,000, unchanged from 2010. Highest Wage Base Allowed by Law Under §288.036 of the Missouri Revised Statutes,...

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New Mexico Unemployment Wage Base to Increase to $21,900

Secretary Ken F. Ortiz of the New Mexico Department of Workforce Solutions has announced an increase in the taxable wage base for 2011. The wage base will increase from $20,800 for 2010 to $21,900 for 2011. Find Out the Wage Base for All States by Visiting the Vision...

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New Jersey Unemployment Wage Base to Decrease to $29,600

The New Jersey Department of Labor and Workforce Development has announced the wage base for New Jersey unemployment insurance, temporary disability insurance, and family leave insurance will decrease from $29,700 for 2010 to $29,600 for 2011. 2011 Rate Year Rates...

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Wyoming Unemployment Wage Base to Decrease to $22,300

Director Gary W. Child of the Wyoming Department of Employment has announced a decrease in the taxable wage base for 2011. $500 Decrease Is the First in Many Years The wage base will decrease from $22,800 for 2010 to $22,300 for 2011. Find Out the Wage Base for All...

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Montana Unemployment Wage Base to Increase to $26,300

Administrator Roy Mulvaney of the Montana Department of Labor and Industry has announced a 1% increase in the taxable wage base for 2011. $300 Increase Is the Lowest in Recent History The wage base will increase from $26,000 for 2010 to $26,300 for 2011. Find Out the...

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California Announces Changes to Payroll Tax Filing for 2011

According to the California Employment Development Department (EDD), there are significant payroll tax changes in 2011. Change to Quarterly Reporting Starting with the first quarter of 2011, employers will begin filing new: Quarterly Contribution Return and Report of...

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Washington Unemployment Wage Base to Increase to $37,300

The Washington Employment Security Department has announced an increase in the taxable wage base for 2011. The wage base will increase from $36,800 for 2010 to $37,300 for 2011. Contact Vision Payroll if you have any questions on the Washington unemployment taxable...

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South Dakota Increases Taxable Wage Base Through 2015

South Dakota Governor Mike Rounds recently signed SB 186, which increases the taxable wage base from $10,000 in 2010, to $11,000 in 2011, $12,000 in 2012, $13,000 in 2013, $14,000 in 2014, and $15,000 in 2015. The surcharge was reduced from 1.5% to 1.0% in 2010 and to...

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IRS Announces 2010 Highly Compensated Employee Limitation

In IR-2009-094, the Internal Revenue Service (IRS) announced that for 2010 the Highly Compensated Employee Limitation under §414(q)(1)(B) of the Internal Revenue Code of 1986 will remain unchanged. Non-discrimination testing in some types of retirement plans limits...

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