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Parrish
and Peterson Accountancy Corporation
1155 Meridian Ave, San Jose, CA, 95125
408.265.1020 (fax) 408.265.6795
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| 2000
Payroll Tax Deduction Information |
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FIT
- Use charts in the 2000 Federal Circular E "Employer's Tax
Guide"
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FICA
- Social Security
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Employee Deduction: 6.2%, maximum wages $76,200, maximum tax
withheld $4,724.40
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Employer Portion: 6.2%, maximum wages $76,200, maximum tax
paid $4,724.40.
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FICA
- Medicare
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Employee deduction: 1.45% on all wages, no ceiling amount.
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Employer portion: 1.45% on all wages, no ceiling amount.
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FUTA
- .008 maximum wages $7,000.00; maximum tax $56.00.
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