Overview

Capital
Olympia
Currency
United States Dollar (USD)
Date Format
mm/dd/yyyy

Taxes

Employer

Employer Payroll Tax

6.20%
Social Security Tax
1.45%
Medicare
Up To 4.63%
State Taxes
13.10% Total Employment Cost

Minimum Wage

General

Minimum wage is $11.00 per hour.

Payroll Contributions

Social Security

In the US, both the employer and employee contribute 6.20% for social security. 

Pension Fund

Employer: contributes 11% of the total payroll per month for the employees pension funds.
Employee: contributes 6.12% of the monthly salary to pension fund.

Health Insurance

Both the employer and employee contribute 1.45% to Medicare. 

Leave

Public Holidays

There are 10 official holidays, however private employers are not required to provide either time off or overtime pay on these days.

Termination

Termination Process

Washington 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 must pay all the necessary wages up to the day of termination.

Notice Period

There is no official notice period, but general practice is 2 weeks.

Severance Pay

Washington law does not either require or prohibit severance payments. It depends on the employer’s agreement with the employee.

VAT

General

The state sales tax is 6.5%. However, can be up to 9.9% depending on local municipalities.

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