Overview

Capital
Hartford
Currency
United States Dollar (USD)

Taxes

Employer

Employer Payroll Tax

6.20%
Social Security Tax
1.45%
Medicare Rate
Up To 4.62%
State Taxes
12.27% Total Employment Cost
Employer Taxes
3 HIGHEST
3 LOWEST
Brazil
Uruguay
Czech Republic
Connecticut
Chile
Myanmar
South Africa
66.17%
34.12%
34%
12.27%
3.35%
3%
2%

Minimum Wage

General

Minimum wage is $10.10 per hour.

Payroll Contributions

Social Security

Employer: 6.2%

Pension Fund

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.

Health Insurance

Federal:

Employer: Medicare – 1.45%

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

Unemployment Insurance

Federal

Employer: 6.0% and maximum taxable earnings are $7,000

State:

Employer: 2.7%

Employee: Voluntary contributions permitted.

Leave

Public Holidays

There are 12 public holidays however private employers are not required to provide either time off or overtime pay on these days.

Termination

Termination Process

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.

VAT

General

The state sales tax is 4.62%.

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