Payroll State Taxes


Federal

MINIMUM WAGE
Minimum Wage $7.25
Minimum Cash Wage (Tipped Employee) $2.13
Maximum Tip Credit $5.12
Youth Minimum Wage $4.25
FICA (medicare)
Maximum Taxable Earnings No Limit
Employee / Employer Tax Rate (Unchanged from 2016) 1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) 0.9%
FICA (Social Security)
Maximum Taxable Earnings (Increased from $118,500 in 2016) $127,200
Employee / Employer Tax Rate (Unchanged from 2016) 6.2%
FUTA (employer-paid)
Maximum Taxable Earnings $7,000
Percent of Taxable Wages 6.0%
Maximum Credit 5.4%
Normal Net Tax 0.6%
supplemental wage / bonus rates
Flat rate withholding method (Unchanged from 2016) 25.0%
Pay over $1 Million (Unchanged from 2016) 39.6%
health savings accounts
Self-Only Contribution Limit (Employee & Employer) (Increased from $3,350 in 2016) $3,400
Family Contribution Limit (Employee & Employer) (Unchanged from 2016) $6,750
Catch-up Contribution Limit (Employee & Employer) (Unchanged from 2016) $1,000
retirement plans
Contribution Limit - 401(k) & 403(b) plans (Unchanged from 2016) $18,000
Catch-up Contribution Limit - 401(k) & 403(b) plans (age 50 & older) (Unchanged from 2016) $6,000

Vermont

State Withholdings Tax