Overview

Capital
Juneau
Currency
United States Dollar (USD)

Taxes

Employer
6.20% - Social Security Tax
1.45% - Medicare Rate
Up to 5.12% - State
Employee

Minimum Wage

General

Minimum wage $9.80 per hour.

Payroll Contributions

Social Security

As of 2011, after the Tax Relief, Unemployment Insurance Re-authorization and Job Creation Act of 2010, the Social Security tax rate is 4.2 percent of an employee's wages.

Pension Fund

Employer: has to contribute 12.56% of the employee's wages.
Employee: has to contribute 12.56% of his/her wages.

Health Insurance

Federal:

Employer: Medicare - 1.45%

Employee: Medicare - 1.45% (additional 0.9% contribution for employees earning less than $200,000)

 

 

Leave

Public Holidays

There are 13 public holidays. However, employers do not have to pay employees extra for working during these days.

Termination

Termination Process

An employee can be terminated at any time as they are considered “at will employees”. No specific termination policies.

VAT

General

There is no state sales tax in Alaska.