RATE
WAGE LIMIT
MAX AMOUNT
EMPLOYER’S OBLIGATION
FICA - Social Security
- Medicare Tax
6.20%
1.45%
$ 110,100
No Limit
$ 6,826.20
FUTA - Federal Unemployment Tax Act
0.90%
$ 7,000
$ 63.00
SUI - State Unemployment Insurance
*Assigned
Varies
ETT - Employment Training Tax
0.10%
$ 7.00
EMPLOYEE’S OBLIGATION
FWT - Federal Withholding Tax
**Table
SWT - State Withholding Tax
***Table
Medicare Tax
4.20%
$ 4,624.20
SDI - State Disability Insurance
1.00%
$ 95,585
$ 955.85
The maximum employee contribution to 401(K) plans for 2012 is $17,000. ($22,500 if age 50 & over.)
* Notice of Contribution Rates and Statement of Reserve Account for 2012 (DE2088) will be mailed during December.
** The deductions for the Federal withholding tax are obtained from the Circular E, Employer’s Tax Guide. (Revised January 2012)
*** The deductions for the State withholding tax are obtained from the DE44, California Employer’s Guide. [Revised (1-12)]
