FIT - Use charts in the 2001 Federal Circular E "Employer's Tax Guide"
FICA - Social Security
- Employee Deduction: 6.2%, maximum wages $80,400, maximum tax withheld $4,984.80
- Employer Portion: 6.2%, maximum wages $80,400, maximum tax paid $4,984.80.
FICA - Medicare
- Employee deduction: 1.45% on all wages, no ceiling amount.
- Employer portion: 1.45% on all wages, no ceiling amount.
FUTA - .008 maximum wages $7,000.00; maximum tax $56.00.