Quote:
Originally Posted by whell
FUTA Tax - typically 0.8% on all wages up to $7000 per year
SUI tax - Typically for a new business its about 2.7%, but the wage base varies by state. In New Jersey, for example, a new business might pay 3.3% on all wages up to $30300 per year.
FICA Tax - 6.2% on all wages up to the annual limit. Wage base typically rises each year. 2012: $110,100
Medicare Tax - 1.45% on all wages
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You are responding to the wrong person Whell. I was sarcastically commenting on the term "human capital" by likening it to slavery. Sheesh.
08-23-2012, 11:41 AM
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