Employee Taxes
|
| Tax Code |
Rate(%) |
Wage Limit |
Maximum Amount |
| Medicare |
1.45 |
Up to $200k |
$2,900.00 |
| Medicare |
2.35 |
Over $200k |
No Maximum |
| Social Security |
6.20 |
$132,900 |
$8,239,80 |
| State Disability (CA SDI) |
1.00 |
$118,371 |
$1,183.71 (Incl. Paid Family Leave) |
|
|
Employer Taxes
|
| Tax Code |
Rate(%) |
Wage Limit |
Maximum Amount |
| Medicare |
1.45 |
No Limit |
No Maximum |
| Social Security |
6.20 |
$132,900 |
$8,239.80 |
|
FUTA
|
0.60 |
$7,000 |
$42 per employee |
| CA SUI |
3.40 |
$7,000 |
Varies by rate |
| CA ETT |
0.10 |
$7,000 |
Varies by rate |
|
|
Retirement Plan Limits
|
| Retirement Plan Type |
< 50 Years |
50 Years Old or More |
| 401K, 403B, Roth, SEPs, 457b |
$19,000 |
$25,000 |
| 408P SIMPLE Plan |
$13,000 |
$16,000 |
| 501c Plan |
$7,000 |
N/A |
|
