How Much Does An Employee Actually Cost

More Human More Resources - HR for Entrepreneurs · May 26, 2022 · 7m

Sure, we can look at things like overhead, the cost of parking, how much you pay for benefit programs etc. But even if you don’t have any of those things – you do have payroll. And that means payroll taxes. And there’s more to payroll taxes than income tax.

But there are a number of other taxes that apply. Some paid by the employer, some split between the company and the employee. In this episode, we’ll cover everything you need to know about payroll taxes.

Taxes Cheat Sheet:

Social Security

Split between Employer / Employee

6.2% of wages

Up to $147K wages

Medicare

Split between Employer /…