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%.
Questions & Answers
