Business Paradigms, Inc. | |||
U.S Payroll Withholding Tax Rates | |||
2003 | |||
PAYROLL | FICA | FUTA | Medicare |
Maximum Contributory Earnings | 87,000.00 | 7,000.00 | All Wages |
Tax Rate | 6.20% | 8.00% | 1.45% |
Maximum Employee Contribution | 5,394.00 | 0.00 | No Maximum |
Employer Matching Rate | 1.00 | 0.00 | 1.00 |
Maximum Employer Contribution | 5,394.00 | 560.00 | No Maximum |
Note: FUTA is only paid by the employer | |||