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2020 Tax Facts
Federal Minimum Wage $ 7.25 Tipped Employee 2.13 Max. Tip Credit 5.12 Youth Sub Minimum 4.25 FICA - Social Security Max. Earnings $ 137,700.00 Max. Employee Deduction 8,537.40 Employee Percentage 6.2% Employer Percentage 6.2% FICA - Medicare Max. Earnings No Limit Employee Percentage 1.45% (2.35% on income over $200,000) Mileage Reimbursement Business 57.5 cents/mile Medical & Moving 17 cents/mile Charitable Service 14 cents/mile 2019 Updates... |
New Jersey Minimum Wage (see table) $ 11.00* Tipped Employees (suggested) 3.13 NJ Unemployment Wage Base $ 35,300.00 Employee SUI/WF/HC 0.425% Employee Disability 0.26% Family Leave Insurance 0.16% Pennsylvania Minimum Wage $ 7.25 Tipped Employees 2.83 PA Unemployment Wage Base $ 10,000.00 Employee % (no limit) 0.06% Philadelphia Resident Rate Jan-June 3.8712% July-Dec 3.8712%* Non-Resident Rate Jan-June 3.4481% July-Dec 3.5019%* *subject to change |
