Overview

Capital
Currency
United States Dollar (USD)

Taxes

Employer

Employer Payroll Tax

6.20%
Social Security Tax
1.45%
Medicare Rate
Up to 5%
State Taxes
12.65% Total Employment Cost
Employer Taxes
3 HIGHEST
3 LOWEST
Brazil
Uruguay
Czech Republic
Arizona
Chile
Myanmar
South Africa
66.17%
34.12%
34%
12.65%
3.35%
3%
2%

Minimum Wage

General

Minimum wage $10.00 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. In addition, there is a limit to the amount of wages that are subject to Social Security taxes. In 2016, the taxable wage base is be $118,500

Pension Fund

Employer: has to contribute 11.34% of the employee’s wages.
Employee: has to contribute 11.34% of his/her wages. Contribution limit is $18,000.

Leave

Public Holidays

There are 14 official paid public holidays. If an employee works during these days, they receive 150% of the regular wages as compensation.

Termination

Termination Process

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

VAT

General

The state sales tax is 5.6%.

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