1.45% - Medicare Rate
Up To 4.62% - State Taxes
Minimum wage is $10.10 per hour.
Paid Time Off
The state law does not require official vacation time to be given to the employees. It depends on the agreement with the employer.
Any company with more than 50 employees are required to provide 1 hour of sick leave for every 40 hours worked. This can accrue to up to 5 days of paid sick leave per year.
There are 12 public holidays however private employers are not required to provide either time off or overtime pay on these days.
The state sales tax is 4.62%.
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.
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.
There is no official advance notice period, but general practice is 2 weeks.
Connecticut law does not either require or prohibit severance payments. It depends on the employer’s agreement with the employee.
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.
1. Medicare - 1.45%
2. Social Security - 6.2%
3. Unemployment Tax - 6.0% and maximum taxable earnings are $7,000
1. Unemployment Insurance - 1.90%-6.80% with maximum taxable earnings of $15,000.
1. Medicare - 1.45% (additional 0.9% contribution for employees earning less than $200,000)
2. Social Security - 6.2% with salary ceiling of $118,500
3. Unemployment Tax - 0%
1. Unemployment Insurance - Voluntary contributions permitted.