Generally, the medium in which remuneration for services is paid is immaterial to the determination of whether the remun
Posted: Wed Jul 06, 2022 6:22 am
Generally, the medium in which remuneration for services is paidis immaterial to the determination of whether the remunerationconstitutes wages for employment tax purposes. Consequently, thefair market value of virtual currency paid as wages, measured inU.S. dollars at the date of receipt, is subject to which of thefollowing?
A. Federal income tax withholding
B. Federal Insurance Contributions Act (FICA) tax
C. Federal Unemployment Tax Act (FUTA) tax
D. All of the above
A. Federal income tax withholding
B. Federal Insurance Contributions Act (FICA) tax
C. Federal Unemployment Tax Act (FUTA) tax
D. All of the above