2017 Tax Rates and Wage Limits

2017 Tax Rates and Wage Limits

Employee

Tax Rate

Employer

Tax Rate

 

Wage Limit

 

Maximum Deduction

 

Social Security

 

6.2%

 

6.2%

 

$127,200.00

$7,886.40(employee)

$7,886.40(employer)

 

Medicare

**1.45%  

1.45%

 

No Limit

 

No Limit

CA State Disability

Insurance

 

0.9%

 

$110,902.00

 

$998.12(employee only)

**This tax rate increases to 2.35% for employees only when they exceed $200,000.00 taxable earnings.  The employer portion remains at 1.45%.

  • For Federal Income Tax tables please refer to Internal Revenue Service website at www.irs.gov and type

“2017 publication 15”.

  • For California Income Tax tables please refer to Employment Development Department at www.edd.ca.gov , click services for employers, and go to “2017 California Employers Guide”.