| Table 6.4 PAYROLL TAXES | ||||
| Payroll Taxes* | ||||
| Payroll Tax | ||||
| Estimated amount withheld by the business | ||||
| due for Federal Income Tax and Social Security | ||||
| (retirement) Tax from wages paid to employees | ||||
| Unemployment Tax | ||||
| 2.70% | New employers must pay this tax rate of the | |||
| first $7,000 of each employee's annual | ||||
| compensation | ||||
| 0.1% to 5.4% | Range paid by an established company | |||
| Special liability requirements apply to: | ||||
| * Nonprofit Employers | ||||
| * Governmental Entities | ||||
| * Native American Tribes | ||||
| * Agricultural Employers | ||||
| * Employers of Employees who | ||||
| perform domestic service | ||||
| * For information only, consult your tax adviser | ||||
| Source: Florida Department of Revenue | ||||
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