2005 Payroll Tax Rates and Wage Bases |
|
2005 Payroll Tax Rates and Wage Bases
|
|
2004 |
2005 |
|---|---|---|---|
FICA |
|||
|
Tax Rate – Employer |
6.20% |
6.20% |
|
Tax Rate – Employee |
6.20% |
6.20% |
|
Wage Base |
$87,900 |
$90, 000 |
MEDICARE |
|||
|
Tax Rate – Employer |
1.45% |
1.45% |
|
Tax Rate – Employee |
1.45% |
1.45% |
|
Wage Base |
(No Limit) |
(No Limit) |
F.U.T.A. |
|||
|
Tax Rate – Employer |
0.8% |
0.8% |
|
Wage Base |
$7,000 |
$7,000 |
S.U.T.A. |
|||
|
California – Tax Base |
$7,000 |
$7,000 |
|
Oregon – Tax Base |
$27,000 |
$27,000 |
|
California and Oregon employer rates are individual experience rates |
||
|
Washington – Tax Base |
$30,200 |
$30,500 |
|
Washington – Tax Rate |
3.07% |
2.53% |
CALIFORNIA EMPLOYMENT |
|||
|
Training Fund |
$7,000 |
$7,000 |
|
Tax Rate |
0.1% |
0.1% |
OREGON TRI MET |
|||
|
Tax Rate – Employer |
0.6218% |
0.6318% |
|
Wage Base |
All Wages |
All Wages |
OREGON WORKERS COMPENSATION ASSESSMENT RATE (Note: Longshore and Harbor workers are not subject to the workers compensation assessment. The $.034 rate is the employer and employee combined rate. Employers may deduct $.017 per hour from the employee’s wages.) |
|||
|
Tax Rate – Combined (per hour worked) |
$0.034 |
$0.034 |
CALIFORNIA STATE DISABILITY |
|||
|
Tax Rate – Employee |
1.18% |
1.08% |
|
Wage Base |
$68,829 |
$79,418 |
401(k) |
|||
|
401k Limit |
$13,000 |
$14,000 |
|
Catch-up Contributions |
$ 3,000 |
$ 4,000 |
IRS |
|||
|
IRS Mileage Rate |
$0.375 |
$0.405 |
