Payroll Rates and Bases

Payroll Rates and Bases                                     2012
Employee SS and Medicare                                   4.20%/1.45%
Employer SS and Medicare                                   6.20%/1.45%
Social Security wage limit                                       $110,100
Medicare wage limit                                               Unlimited
FUTA-taxable wage base                                       $7,000
FUTA rate                                                              6.0%
FUTA maximum credit                                           5.4%
Minimum FUTA deposit rate                                  0.6%

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