When you have decided to open up a business, it's essential to take the time to establish a reasonable salary for your staff. If you don't pay a fair wage, you'll expose yourself to serious trouble from the IRS. FUTA and FICA taxes If you own an S corporation, you will have to pay federal unemployment taxes, also known as FUTA, on your employees' wages. It's essential to … [Read more...] about What Is a Fair Salary for an S Corporation? A Basic Guideline