Figuring out Payroll Taxes

kamolahy

How do I do it? I`m finishing a business plan and I need to know just how much we intend to pay in payroll taxes? Is there a base percentage I just tax each employee?

kamolahy

Okay, I figured out that it`s 6.2% for Social Security tax, 1.45% for Medicare, but the Federal and State Unemployment Taxes are unclear. Is there a general percentage I can apply to the payroll projection to see what we`re going to pay in taxes?

infinique

Taxes differ in States. You should try incorporating that after researching the tax rate of your state.