Michael Evanoff Accounting Service Log


Serving the Coachella Valley Since 1988

 

2008 W4 | W-9 | 2008 Payroll Rates | Federal Forms | Contact Us | Email  |  LinksHome

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Below are the new payroll rates for 2008.  If you have employees please be sure to give them a copy for their information. 

PAYROLL TAXES FOR 2008 ARE TO BE COMPUTED AS FOLLOWS:

Type of Tax Amt Subject

To Tax

Rate Maximum

Contribution

Employee State Disability Insurance (SDI) $86,698.00 .80% $693.58
       
Employer Federal Unemployment Insurance (FUTA) $7,000.00 .8% $56.00
       
Employer State Unemployment Insurance (SUI) $7,000.00 Vary Vary

 SOCIAL SECURITY AND MEDICARE FOR 2008

1.) Social Security Retirement, Survivors & Disability Benefits:

Employee/Employer (each)                                             6.2% - Up to maximum salary amount of $102,000

                                                                                Maximum annual contribution -  $6,324.00 

2.) Medicare: 

Employee/Employer (each)                                             1.45% On all earnings


2008 W4 | W-9 | 2008 Payroll Rates | Federal Forms | Contact Us | Email  |  LinksHome