As an employer, you need to withhold several employment taxes and insurances from employee paychecks. If you’re self-employed, you have to pay employment taxes, too. Payroll taxes are some of the required employment tax withholdings.

1. EMPLOYEE
6.2%
WITHHELD ON
WAGES UP TO
$127,200
EMPLOYER
6.2%
CONTRIBUTED ON
WAGES PAID UP TO
$127,200
SOCIAL SECURITY
ADDITIONAL
.9%
TAX IF WAGES ARE OVER
$250,000
$125,000
$200,000
if married and
filing jointly
if married and
filing seperately
for everyone else
EMPLOYER
1.45%
EMPLOYEE
1.45%
MEDICARE
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FLAT RATE TAX
15.3%
TAX ON MONEY
EARNED UP TO
$127,200
ADDITIONAL
.9%
TAX IF WAGES ARE OVER
$250,000
$125,000
$200,000
if married and
filing jointly
if married and
filing seperately
for everyone else
MEDICARE TAX
2.9%
APPLIES ONLY TO
MONEY EARNED OVER
$127,200
SELF–EMPLOYMENT