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Written by Laura Chapman
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Thursday, 05 March 2009 |
EMPLOYER TAX RATES
(This list is not exhaustive. Please consult the links section for the telephone numbers and web pages of the various tax agencies for your area.)
Tax
Type |
Employer
Pays |
Employee
Pays |
Up to Maximum Salary of |
Federal Employer Taxes |
Social Security |
6.2% |
6.2% |
$106,800 for 2009 |
Medicare |
1.45% |
1.45% |
Unlimited |
FUTA
Federal Unemployment Insurance |
0.8%
If paid State SUI Otherwise 6.2% |
0 |
$7,000 |
State Employer Taxes |
Tax
Type |
Employer
Pays |
Employee
Pays |
Up to Maximum Salary of |
ETT Tax |
0.1% |
0 |
$7,000 |
SUI Taxes |
See your form DE2088
Normally mailed in Dec of each year. Lost it? Call 916-653-7795 |
0 |
$7,000 |
SDI |
0 |
1.1% |
$90,669 for 2009 |
2009 Mileage Rates
Business $0.55
Medical $0.24
Charitable $0.14
Relocation $0.24
2009 Retirement Plan Limits
401k
Pretax Contributions for 401(k) and SEP plans and 403(b) annuities
$16,500 Workers Aged 50 and over catch up provision add $5,500
Defined Benefit Plans
Sec. 415 (b)(1)(A) defined benefit plan annual benefit ceiling
$195,000
Combined employer/employee pay-in limits for all defined contribution plans
$49,000 Annual compensation limit under Sec. 401a(17) and Sec. 404(1) $245,000
SIMPLE Plans
Sec. 408(k)(3)(C) IRA, SEP or SIMPLE plan limits $245,000 SIMPLE
pretax contribution limit $11,500 Workers aged 50 and over catch up add $2,500
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