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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: $3,200.
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 |
$9,800 |
|
|
10%
$2,650 |
| $9,800 |
$31,500 |
$715.00 |
Plus |
15%
$9,800 |
| $31,500 |
$69,750 |
$3,970.00 |
Plus |
25%
$31,500 |
| $69,750 |
$151,950 |
$13,532.50 |
Plus |
28%
$69,750 |
| $151,950 |
$328,250 |
$36,548.50 |
Plus |
33%
$151,950 |
| $328,250 |
$9,999,999* |
$94,727.50 |
Plus |
35%
$328,250 |
Married
Person
Not over $8,000 .............Tax withheld is $0.
| Over |
But
Not Over |
|
|
Of
Excess Over |
| $8,000 |
$22,600 |
|
|
10%
$8,000 |
| $22,600 |
$66,200 |
$1,460.00 |
Plus |
15%
$22,600 |
| $66,200 |
$120,750 |
$8,000.00 |
Plus |
25%
$66,200 |
| $120,750 |
$189,600 |
$21,637.50 |
Plus |
28%
$120,750 |
| $189,600 |
$333,250 |
$40,915.50 |
Plus |
33%
$189,600 |
| $333,250 |
$9,999,999* |
$88,320.00 |
Plus |
35%
$333,250 |
*
Unlimited, entry needs to be lager than largest payroll paid
to any one individual.
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