Employer Payroll Tax
Minimum wage is $10.10 per hour.
Employer:contributes approximately 7% of the total payroll per month for the employees pension funds. This percentage can vary, and is dependent on the pension plan.
Employee:typically contributes 2% (can range to 5%) of the monthly salary to pension fund.
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 12 public holidays however private employers are not required to provide either time off or overtime pay on these days.
Connecticut follows “employment at will” doctrine which means both the employee and employer are allowed to terminate the employment at any given time without a reason Therefore at the time of termination, the employer much pay all the necessary wages up to the day of termination.
The state sales tax is 4.62%.