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%


Key Phone Number for IRS forms and publications! 800-829-3676

Comments

Popular posts from this blog

How to "Un" Apply Credits In QuickBooks

Employee Salary/Wage Rate Report

Qbb, Qbm, Qbx, or Qbw - What's the Difference?