Please note that the IRS has released the official form 940 for 2011. The form now has a
breakdown of FUTA taxable wages paid before 7/1/11 on line 7b calculating at a rate of
.08% and FUTA taxable wages paid after 6/30/11 on line 7d calculating at a rate of .06%.
FUTA tax is calculated based on a federal wage base of $7,000 paid to each employee as
wages during the year. Your state wage base may be different. In addition, Form 940
Schedule A includes 21 credit reduction states.
Attached are the released 2011 Form 940 and Form 940 Schedule A.