How Much Does an Employee Cost You?
… are a little harder to pin down. Fortunately, there may be tax savings to offset some of the costs. Mandatory added … an employee Hiring an employee means considerable payroll tax costs, including: Employer share of FICA (7.65% on … over the annual wage base). Federal unemployment tax (FUTA) of $42 per employee. The FUTA tax rate is 6%, but …