Payroll Tax Estimator

Estimate payroll taxes for employees. Calculate employer and employee contributions for Social Security and Medicare.

Payroll taxes include Social Security, Medicare, and other mandatory contributions. This calculator estimates both employee withholdings and employer obligations.

Calculator

$
%
Total Employee FICA
$0.00
Social Security
$0.00
Medicare
$0.00
Employer Cost (FICA)
$0.00
Per Paycheck Withholding
$0.00

Common use cases

  • Payroll processing
  • Employee cost budgeting
  • Tax planning
  • Hiring decisions

How to use

  1. Enter annual gross pay
  2. Select pay period
  3. Add state tax rate if applicable
  4. View employee and employer tax obligations

FAQ

What are FICA taxes?

FICA includes Social Security (6.2%) and Medicare (1.45%). Both employee and employer pay these, totaling 15.3%.

Is there a cap on Social Security?

Yes, the wage base limit is $168,600 for 2024. Income above this isn't subject to Social Security tax.

What about federal income tax?

This calculator focuses on payroll taxes. Federal income tax depends on filing status, allowances, and tax brackets.

This calculator provides illustrative estimates for planning purposes only and does not constitute financial, tax, or legal advice.