2012 Employer Tax Rates

EMPLOYER TAX RATES 2012

(This list is not exhaustive for all Employer Tax Rates. Please consult the links section for the telephone numbers and web pages of the various tax agencies for your area.)

 

Federal Employer Taxes

Tax Type	Employer Pays	Employee Pays	Up to Maximum Salary of
Social Security	6.2%	4.2%	$110,100 for 2012
Medicare	1.45%	1.45%	Unlimited
FUTA Federal Unemployment Insurance	0.6% If you paid State SUI. For those not paying SUI it is 6.2%. California has a Surcharge of $21 per $7,000 Annual Wages for not repaying its Federal UI Loan	0	$7,000
State Employer Taxes
Tax Type	Employer Pays	Employee Pays	Up to Maximum Salary of
ETT Tax	0.1%	0	$7,000
SUI Taxes	See your form DE2088 Normally mailed in Dec of each year. Lost it? Call 916-653-7795	0	$7,000
SDI	0	1.0%	$95,585 for 2012

 

2012 Mileage Rates

Business  55.5¢
Medical 23¢
Charitable 14¢
Relocation 23¢

 

2012 Retirement Plan Limits

401k

Pretax Contributions for 401(k) and SEP plans and 403(b) annuities $17,000 Workers Aged 50 and over catch up provision add $5,500

 

Defined Benefit Plans

Sec. 415 (b)(1)(A) defined benefit plan annual benefit ceiling $200,000
Combined employer/employee pay-in limits for all defined contribution plans $50,000 Annual compensation limit under Sec. 401a(17) and Sec. 404(1) $245,000

 

SIMPLE Plans

Sec. 408(k)(3)(C) IRA, SEP or SIMPLE plan limits $250,000 SIMPLE pretax contribution limit $11,500 Workers aged 50 and over catch up add $2,500.