Total Gross Pay
$60,000
Total Net Pay
$48,492
Total Employer Cost
$64,632
| Name | Gross | Fed Tax | State Tax | Net Pay |
|---|---|---|---|---|
| Employee 1 | $60,000 | $5,020 | $1,898 | $48,492 |
| Total | $60,000 | $5,020 | $1,898 | $48,492 |
What payroll taxes does an employer pay?
Employers must pay the employer share of FICA (6.2% Social Security + 1.45% Medicare), FUTA (0.6% on the first $7,000 of each employee's wages after credits), and state unemployment insurance (SUTA). The employer FICA contribution mirrors the employee contribution.
What is FUTA?
The Federal Unemployment Tax Act (FUTA) tax is a 6.0% tax on the first $7,000 of each employee's wages, but most employers receive a 5.4% credit for state unemployment taxes paid, resulting in a net FUTA rate of 0.6%. This funds federal unemployment programs.
How often must payroll taxes be deposited?
The IRS requires either monthly or semi-weekly deposit schedules based on your tax liability. Monthly depositors must deposit by the 15th of the following month. Semi-weekly depositors must deposit within 1-3 business days depending on the pay date. Deposits are made via EFTPS.
IRS-Aligned: This calculator uses 2025 federal and state tax rates, FICA, and FUTA rates. For complete payroll compliance, consult a payroll specialist or accountant.
Disclaimer: This calculator provides estimates based on current IRS rates and thresholds for the 2025 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your filing status, state of residence, deductions, and individual circumstances. Always consult a qualified tax professional or CPA before making financial decisions. Read our terms
This calculator uses official rates and thresholds from:
- IRS Publication 15 (Circular E) — Employer's Tax Guide
- IRS Publication 15-T — Federal Income Tax Withholding Methods
- IRS Topic 751 — Social Security and Medicare Withholding Rates
Last verified: March 2026 · Tax year 2025. Results are indicative — consult a qualified accountant for personalised advice.
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