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M M
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M M asked in Business & FinanceTaxesUnited States · 1 decade ago

Are fringe benefits reported on Federal Form WH-347 and 348 taxable?

We are performing some sub- contract work funded through the economic recovery act. We have never been involved with Federal contracts to this extent in the past. We do not belong to any Trade Unions, so the fringe benefits are to be paid directly to our employees. Are the fringes to have tax withheld from them, and if so, is it all Federal, State, Local taxes?

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  • Anonymous
    1 decade ago
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    Whoever does your payroll should already know this. The rules don't vary just because you have a federal contract.

    See IRS publication 15,15-A and 15-B. There are tables in the back of one of these that says which are subject to fica/mc and withholding.

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