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Employment
Tax Rates and Wage Bases for 2006
Social Security Tax:
Medicare
Tax:
Federal
Unemployment (FUTA) Tax:
Amount
for one withholding allowance: $3,300.
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 |
$10,000 |
|
|
10%
$2,650 |
| $10,000 |
$32,240 |
$735.00 |
Plus |
15%
$10,000 |
| $32,240 |
$73,250 |
$4,071.00 |
Plus |
25%
$32,240 |
| $73,250 |
$156,650 |
$14,323.50 |
Plus |
28%
$73,250 |
|
$156,650 |
$338,400 |
$37,675.50 |
Plus |
33%
$156,650 |
|
$338,400 |
$9,999,999* |
$97,653.00 |
Plus |
35%
$338,400 |
Married
Person
Not over $8,000 .............Tax withheld is $0.
| Over |
But
Not Over |
|
|
Of
Excess Over |
| $8,000 |
$22,900 |
|
|
10%
$8,000 |
| $22,900 |
$68,040 |
$1,490.00 |
Plus |
15%
$22,900 |
| $68,040 |
$126,900 |
$8,261.00 |
Plus |
25%
$68,040 |
| $126,900 |
$195,450 |
$22,976.00 |
Plus |
28%
$126,900 |
|
$195,450 |
$343,550 |
$42,170.00 |
Plus |
33%
$195,450 |
|
$343,550 |
$9,999,999* |
$91,043.00 |
Plus |
35%
$343,550 |
*
Unlimited, entry needs to be lager than largest payroll paid
to any one individual.
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