2015 Payroll Tax Rates and Limits
(for the 2016 Payroll Tax Rates and Limits, click here)
| FEDERAL |
STATE |
|
Social Security - EE
Taxable Limit -
$118,500.00
Tax Rate - 6.2%
Tax Limit - $7,347.00
|
California SDI - EE
Taxable Limit -
$104,378.00
Tax Rate - 0.9%
Tax Limit - $939.40
|
|
Social Security - ER
Taxable Limit –
$118,500.00
Tax Rate -6.2%
Tax Limit - $7,347.00
|
California SUI – ER
Taxable Limit -
$7,000.00
Tax Rate - Varies by Employer
|
|
Medicare - EE
Taxable Limit - Unlimited
Tax Rate up to $200,000 = 1.45%
Tax Rate over $200,000 = 2.35%
|
401(k) Pretax Contributions
Under Age 50 $18,000
Age 50 and over $24,000
|
|
Medicare - ER
Taxable Limit - Unlimited
Tax Rate up to $200,000 = 1.45%
Tax Rate over $200,000 = 1.45%
|
Business Mileage Rate
57.5 cents/mile
|
|
FUTA - ER
Taxable Limit
$7,000.00
Tax Rate - 0.6%
Tax Limit - $42.00
|
ER = EMPLOYER
EE = EMPLOYEE
|
