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Employment
Tax Rates and Wage Bases for 2005
Social Security Tax:
Medicare
Tax:
Federal
Unemployment (FUTA) Tax:
Amount
for one withholding allowance: $3,100.
Rate
Table shown below (use table 7)
Table
7 - Annual Payroll Period.
Single
Person (including head of household)
Not over $2,650 ...............Tax withheld is $0.
| Over |
But
Not Over |
|
|
Of
Excess Over |
| $2,650 |
$9,700 |
|
|
10%
$2,650 |
| $9,800 |
$30,800 |
$705.00 |
Plus |
15%
$9,700 |
| $31,500 |
$68,500 |
$3,870.00 |
Plus |
25%
$30,800 |
| $69,750 |
$148,700 |
$13,295.00 |
Plus |
28%
$68,500 |
| $151,950 |
$321,200 |
$35,757.00 |
Plus |
33%
$148,700 |
| $328,250 |
$9,999,999* |
$92,676.00 |
Plus |
35%
$321,200 |
Married
Person
Not over $8,000 .............Tax withheld is $0.
| Over |
But
Not Over |
|
|
Of
Excess Over |
| $8,000 |
$22,300 |
|
|
10%
$8,000 |
| $22,600 |
$64,750 |
$1,430.00 |
Plus |
15%
$22,300 |
| $66,200 |
$118,050 |
$7,797.50 |
Plus |
25%
$64,750 |
| $120,750 |
$185,550 |
$21,122.50 |
Plus |
28%
$118,050 |
| $189,600 |
$326,100 |
$40,022.50 |
Plus |
33%
$185,550 |
| $333,250 |
$9,999,999* |
$86,404.00 |
Plus |
35%
$326,100 |
*
Unlimited, entry needs to be lager than largest payroll paid
to any one individual.
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