Payroll Tax Calculator
Calculate total payroll taxes for employees and employers
About this calculator
This payroll tax calculator helps employers and employees determine the total tax obligations for payroll including Social Security, Medicare, federal unemployment (FUTA), and state unemployment taxes (SUTA). It provides accurate calculations for both employee withholdings and employer contributions, ensuring compliance with current tax rates. The tool is essential for payroll processing, budgeting, and understanding the true cost of employment for businesses of all sizes.
How to use
Enter the employee's gross salary or hourly wage and pay period information. The calculator will automatically compute Social Security tax (6.2%), Medicare tax (1.45%), and applicable unemployment taxes. Review the breakdown showing both employee deductions and employer contributions for complete payroll tax liability.
Frequently asked questions
What taxes are included in payroll tax calculations?
Payroll taxes include Social Security (6.2%), Medicare (1.45%), Federal Unemployment Tax (FUTA), and State Unemployment Tax (SUTA) where applicable.
Are payroll taxes split between employer and employee?
Yes, Social Security and Medicare taxes are split equally. Employees pay 7.65% total while employers pay matching contributions plus unemployment taxes.
Is there a wage cap for Social Security taxes?
Yes, Social Security tax applies only to wages up to the annual wage base limit, which is $160,200 for 2023.