Employer Payroll Tax Calculator
Employer Payroll Tax
Calculate the total employer-side payroll taxes including FICA, FUTA, and state unemployment for an employee
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Formula
Employer Tax = Social Security (6.2% up to wage base) + Medicare (1.45%) + FUTA (0.6% on $7,000) + SUTA
Frequently Asked Questions
What payroll taxes does an employer pay?
Employers pay 6.2 percent Social Security tax (up to the wage base), 1.45 percent Medicare tax, 0.6 percent FUTA (federal unemployment) on the first $7,000, and state unemployment (SUTA) at rates that vary by state and employer history.
What is the Social Security wage base?
The Social Security wage base is the maximum amount of earnings subject to Social Security tax. For 2024, the wage base is $168,600. Earnings above this amount are not subject to the 6.2 percent Social Security tax.