Page 285 - Essentials of Payroll: Management and Accounting

ESSENTIALS of Payr oll: Management and Accounting
EXHIBIT 10.5 (CONTINUED)

New Employee Taxable
Employer Employer Withholding Wage
State Tax Rate Tax Rate Rate Limit Coverage
New Jersey 0.3%–5.4% 2.6825% None $23,500 Any company
paying wages of
$1,000+ in
current or
preceding year
New Mexico 0.05%–5.4% 2.7% None $15,900 Any company with
1+ employees in
20 weeks of the
current or
preceding year
New York 0.7%–9.1% 4.0% None $8,500 Any company
paying $300+ in
wages in any
calendar quarter
North Carolina 0%–5.7% 1.2% None $14,700 Same as federal
North Dakota 0.49%– 2.08% None $17,400 Same as federal
10.09%
Ohio 0.1%–6.5% 2.7% None $9,000 Same as federal
Oklahoma 0.1%–5.5% 1.0% None $10,500 Same as federal
Oregon 0.9%–5.4% 3.0% None $25,000 Any company with
1+ employees
in 18 weeks of
the year
Pennsylvania 1.479%– 3.5% None $8,000 Any company with
9.0712% 1+ employees in
the calendar year
Puerto Rico 1.2%-–5.4% 2.9% None $7,000 Any company with
1+ employees in
the current or
preceding calendar
year
Rhode Island 1.66%– 1.79% None $12,000 Any company with
9.76% 1+ employees in
the year
South Carolina 0.54%–5.4% 2.7% None $7,000 Same as federal
South Dakota 0%-7.0% 1.9% None $7,000 Same as federal
Tennessee 0%–10% 2.7% None $7,000 Same as federal
Texas 0%–6.24% 2.7% None $9,000 Same as federal

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