1.45% - Medicare Rate
up to 4.62% - State Taxes
Minimum wage $8.50 per hour.
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
Employer: has to contribute between 5-10% of the employee's wages depending on pension plan and occupation.
Employee: has to contribute between 5-10% of his/her wages depending on pension plan and occupation.
Employer: Medicare - 1.45%
Employee: Medicare - 1.45% (additional 0.9% contribution for employees earning less than $200,000)
Employer: 6.0% and maximum taxable earnings are $7,000
Employee: Voluntary contributions permitted.
There are 15 official paid public holidays, private employers are not required to pay additional pay during these days.
An employee can be terminated at any time as they are considered “at will employees”. No specific termination policies.
The state sales tax is 6.5%.