2012 FICA (Soc Sec. & Med)
Employee: 5.65%
Employer: 7.65%
Up to gross wages of:
$110,100
[hiring + payroll]
employee forms
For ALL employees:
- Form I-9 (Employee Eligibility Verification)
- We strongly recommend that you verify employee social security numbers either with the Department of Homeland Security or the Social Security Administration to ensure that you are hiring workers authorized to work in the US.
- Form W-4 (Federal Withholding)
For MD employees:
- MD law requires you to report all new hires with the MD New Hire Registration
- MW-507 (MD withholding)
For out of state employees: (See Multi-State Payroll)
useful INFO + RESOURCES
Tips + Articles
- Payroll tax overview
- Payroll tax exemptions
- Independent contractor vs employee
- Multi-state payroll
- Employee forms
- Independent contractor forms
- Hiring + Payroll
Links:
+ Verifying Social Security Numbers:With the Department of Homeland Security With the Social Security Administration
+ Credit for employers that providehealth insurance to employees:
