|
2006 Payroll Taxes |
|
|
Soc. Sec. (Self-employed)
Combined Rate (OASDI+ Medicare) |
15.3% |
|
|
|
|
Soc. Sec. (Employer or
Employee) Rate (OSDI+Medicare) |
7.65% |
|
|
|
|
OASDI Maximum Base |
$87,000 |
|
|
|
|
FUTA Rate |
6.2% |
|
|
|
|
FUTA Wage Base |
$7,000 |
Payroll taxes are taxes based on payroll
(wages) that is used to finance the Social Security and Medicare programs.