2017 Pay Roll & Mileage Rates
2017 Payroll & Mileage Rates A few rates relating to payroll and mileage have changed since last year. Here is a list of updated rates to keep you and your employees in the loop! Payroll rates and bases Employee Social Security - 6.20% Employer Social Security - 6.20% Employee Medicare - 1.45%* Employer Medicare - 1.45% Social Security wage limit - $127,200 Medicare wage limit* - Unlimited FUTA-tax wage base - $7000 FUTA rate - 6.0% FUTA maximum credit - 5.4% Min. FUTA deposit rate (most firms) - 0.6% *Withhold added Medicare tax of .9% on wages over 200,000 Standard business mileage rate - 53.5 ¢/mi Got a Quickbooks Mess? Call the Quickbooks Gal!