Employer Taxes
All employers are required to pay and withhold a variety of federal taxes from an employees paycheck. Depending where the business is located, the employer may also be required to pay state unemployment tax and withhold payroll deductions for state and local taxes. Payroll taxes typically paid by an employer include:  | Social Security Tax (FICA) - currently 6.2% of gross wages up to a maximum amount of $5,349 per employee annually. |  | Medicare Tax - currently 1.45% of gross wages. |  | Federal (FUTA) & state unemployment tax (SUTA) - varies by state. |
Taxes typically deducted by an employer and paid on behalf of an employee include:  | Federal Income Tax. |  | Social Security Tax (FICA) - currently 6.2% of gross wages up to a maximum amount of $5,349 per employee annually. |  | Medicare Tax - currently 1.45% of gross wages. |  | State Income Tax - varies by state. |  | Local Income Tax - varies by locality. |
Important Notice
This information is generic and may or may not apply to this particular city, county, state or your individual circumstances. State laws vary and are continuously changing. This information does not necessarily reflect the laws in your community. It is not intended to be a source of legal advice or a substitute for qualified legal counsel. Your access to and use of this web site is subject to additional terms and conditions found in our Terms of Use. Please read it now.
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