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To employers : how much does an employee really cost when all said & done?
I am very curious, in dollars, how much does an employee cost aside from his base salary or hourly wages, once we take into account social security, unemployment insurance, health benefits...etc.
What percentage on top of an employee's salary or hourly wage?
1 Answer
- WRGLv 79 years agoFavorite Answer
7.65% for Social Security & Medicare.
0.8% on the first $7000 for Federal UI. Varies at this time because some states are paying back the federal government for loans.
State UI tax varies. It is based on the employer's UI account and the state maximum.
Health Insurance and other benefits varies greatly.
