Payroll Tax Calculator
Determine the total payroll tax cost for an employee. See both the amount withheld from the paycheck and the amount paid by the employer.
Employee Details
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Understanding Payroll Taxes
Payroll taxes are shared between the employer and the employee.
Employee Withholdings
- Social Security: 6.2% of wages (up to wage base limit).
- Medicare: 1.45% of all wages (plus 0.9% for high earners).
- Federal Income Tax: Withheld based on W-4 form (not calculated here as it varies by allowances).
Employer Costs
- Social Security: Matches employee's 6.2%.
- Medicare: Matches employee's 1.45%.
- FUTA: Federal Unemployment Tax Act. Generally 0.6% on the first $7,000 of wages per employee.