The 2014 tax rates are as follows:
The Social Security Tax rate for employees is 6.2% through the end of 2014, with maximum taxable earnings of $117,000. (Source: Social Security Administration website.)
The Medicare Tax rate is 1.45% with no maximum wage-base limit.
Please note that as of 2013, wages paid in excess of $200,000 to high-earner employees will be subject to an extra 0.9% Medicare Tax that will be withheld from those employees’ wages.
The NJ Unemployment and Disability wage limit is increasing to $31,500 (from $30,900 in 2013).
The NJ Disability Tax rate also increased from .36% to .38%.
The PA State Personal Income Tax rate is 3.07%.
The PA State Unemployment Tax rate is .07%. Taxable wage limit is $8,750.
The City of Philadelphia Wage Tax rate remains at 3.924% for Philadelphia residents and 3.495% for non-residents.
Additional payroll tax information can be found on the Portal under Departments/Finance/Payroll. Click here.
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