Economy & Finance

Payroll Tax Info 2009

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1. 2009 Tax Information Blazej Accounting www.BlazejAccounting.com 1425 Market Boulevard, Suite 330 - #130 Roswell, Georgia 30076 Office: 404.933.9234 Fax: 678.559.0684…
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  • 1. 2009 Tax Information Blazej Accounting www.BlazejAccounting.com 1425 Market Boulevard, Suite 330 - #130 Roswell, Georgia 30076 Office: 404.933.9234 Fax: 678.559.0684
  • 2. 2009 Tax Information Federal Rates and Limits FICA Catch-Up Contribution Limits - Social Security (OASDI) Wage Base $106,800 Individuals who will be at least age 50 by the end of the Medicare (HI) Wage Base No Limit year can make catch-up contributions. Social Security (OASDI) Percentage 6.20% 401(k) Plans $5,500 Medicare (HI) Percentage 1.45% SIMPLE Plans $2,500 Maximum Social Security (OASDI) Withholding $6,621.60 Maximum Medicare (HI) Withholding No Limit Federal Minimum Wage Maximum Amount of Earnings to Still Receive Full Benefits Under Full Retirement Age $14,160 (increasing to $7.25 - July 24, $6.55 2009). Amount of AGI Causing SS Benefits to be Taxable (85%) FLSA employers are required to follow federal minimum Married/Filing Jointly $44,000 wage rules when the state minimum wage is less than the Single $34,000 federal minimum wage. Retirement Contributions Maximum Elective Deferral to 401(k) and 403(b) $16,500 Mileage Rates Maximum Elective Deferral to SIMPLE IRA Plans $11,500 Business 0.55 ¢/mile Maximum Annual Contribution to Defined Contribution Plans $49,000 Medical 0.24 ¢/mile The lesser Moving 0.24 ¢/mile of 25% of Charitable 0.14 ¢/mile W-2 or Maximum Annual Contribution to Keogh or SEP-IRA $49,000 Maximum Annual Compensation Taken into Account for Contributions $245,000 Threshold Amount for Definition of Highly Compensated Employees $110,000 Blazej & Associates www.BlazejAccounting.com Threshold Amount for Definition current only as thethe date of publication. This publication in engaged in renderingaccurate and authoritative Publication Date: December 15, 2008. This material is of Key Employee in Top-Heavy Plans information in regard to the subject matter covered. It is furnished with of understanding that the publisher is not $160,000 or other is designed to provide legal, accounting, professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 3. 2009 Tax Information State Rates and Limits *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: West State Withholding State Unemployment State Unemployment State Unemployment State Minimum State Minimum Taxable Wage Base Tax Rate % Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Alaska N/A $32,700 1.0%-5.4% 2.46% $7.15 $7.15 Arizona 10%-37% of Fed $7,000 0.02%-5.4% 2.00% $7.25 $4.25 California 1.0%-10.3% $7,000 1.5%-6.2% 3.40% $8.00 N/A Colorado 4.63% $10,000 0%-5.4% 1.70% $7.28 $4.26 Hawaii 1.4%-7.6% $13,000 0%-5.4%** 1.70% $7.25 $7.00 Idaho 1.6%-7.8% $33,200 0.262%-5.4%** 1.00% $6.55 $3.35 Montana 1.8%-6.6% $25,100 0%-6.12%** 1.0%-3.0%* $6.90**** N/A Nevada N/A $26,600 0.25%-5.4% 2.95% $6.85**** $6.85**** New Mexico 1.7%-4.9% $20,900 0.03%-5.4% 2.00% $7.50 $2.13 Oregon 5.0%-9.0% $31,300 0.9%-5.4% 2.40% $8.40 N/A Utah 1.3%-5.0% $27,800 0.2%-9.2% 1.2%-9.2% $6.55 $2.13 Washington N/A $35,700 0.35%-6.0% 1.0%-5.4% $8.55 N/A Wyoming N/A $21,500 0.30%-9.10% 1.60%-2.27%*, *** $5.15 $2.13 Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 4. 2009 Tax Information State Rates and Limits *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: Northeast State State State State Withholding Unemployment Unemployment Unemployment State Minimum State Minimum Taxable Wage Base Tax Rate % Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Connecticut 3.0%-5.0% $15,000 1.4%-6.3% 3.00% $8.00 $5.52 Maine 2.0%-8.5% $12,000 0.44%-5.4% 1.57% $7.25 $3.63 Massachusetts 5.30% $14,000 1.26%-12.27%** 2.83% New ER $8.00 $2.63 6.99% Construction New Hampshire N/A $8,000 0%-6.5%** 1.50% $7.25 $3.27 New Jersey 1.5%-9.9% $28,900 0.18%-5.28%** 2.68% $7.15 $2.13 New York 4.0%-7.35% $8,500 1.1%-9.5% 4.10% $7.15 $4.60 Pennsylvania 3.07% $8,000 1.837%-13.1576% 3.7030% New ER $7.15 $2.83 10.2626% Construction Rhode Island 3.75%-9.9% $18,000 1.69%-9.76% 2.36% $7.40 $2.89 Vermont 3.6%-9.5% $8,000 1.1%-7.7% 1.0%-5.4%* $8.06**** $3.91**** Washington N/A $35,700 0.35%-6.0% 1.0%-5.4% $8.55 N/A Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 5. 2009 Tax Information State Rates and Limits *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: Mid-Atlantic State Withholding State Unemployment State Unemployment State Unemployment State Minimum State Minimum Taxable Wage Base Tax Rate % Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Delaware 2.2%-5.95% $10,500 0.3%-8.2% 2.5% New ER $7.15 $2.23 4.7% Construction District of Columbia 4.0%-8.5% $9,000 1.3%-6.6% 2.70% $7.55 $2.77 2.2% In-State New Maryland 4.75%-6.25% $8,500 0.6%-9.0% ER $6.55 $3.28 4.5% Out-of-State New ER New Jersey 1.5%-9.9% $28,900 0.18%-5.28%** 2.68% $7.15 $2.13 New York 4.0%-7.35% $8,500 1.1%-9.5% 4.10% $7.15 $4.60 Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 6. 2009 Tax Information State Rates and Limits *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: Mid-Atlantic (Continued) State Withholding State Unemployment State Unemployment State Unemployment State Minimum State Minimum Taxable Wage Base Tax Rate % Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Pennsylvania 3.07% $8,000 1.837%-13.1576% 3.7030% New ER $7.15 $2.83 10.2626% Construction 2.58% In-State New Virginia 2.0%-5.75% $8,000 0.18%-6.28% ER $6.55**** $2.13**** 6.28% Out-of-State Contractor 2.7% In-State New West Virginia 3.0%-6.5% $8,000 1.5%-8.5%** ER $7.25**** $5.80**** Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 7. 2009 Tax Information State Rates and Limits *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: Mid-West State State Withholding State Unemployment Unemployment State Unemployment State Minimum State Minimum Taxable Wage Base Tax Rate % Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Illinois 3.00% $12,300 0.6%-6.8% 3.1% New ER $7.75**** $4.65**** 3.4% Construction*** Indiana 3.40% $7,000 1.1%-5.6%** 2.70% $6.55**** $2.13**** Iowa 0.36%-8.98% $23,700 0%-8.0% 1.0% New ER $7.25 $4.35 8.0% Construction Kansas 3.5%-6.45% $8,000 0%-7.4%** 4.0% New ER $2.65 $1.59 6.0% Construction Michigan 4.35% $9,000 0.06%-11.05% 2.7% New ER $7.40**** $2.65**** 8.3% Construction Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 8. State Rates and Limits 2009 Tax Information *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: Mid-West (Continued) State Withholding State Unemployment State Unemployment State Unemployment State Minimum State Minimum Tax Rate % Taxable Wage Base Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Minnesota 5.35%-7.85% $26,000 0.4%-9.3% 1.94% New ER $6.15**** $6.15**** 8.40% Construction Missouri 1.5%-6.0% $12,500 0%-6.0% 3.51% New ER $7.05 $3.53 3.539% Construction Nebraska 2.35%-6.95% $9,000 0%-5.4% 1.29% New ER $6.55**** $2.13**** 5.4% Construction North Dakota 2.1%-5.54% $23,700 0.2%-9.86%** 1.17%-6.26% New ER $6.55 $4.39 9.86% Construction** Ohio 0.638%-6.379% $9,000 0.7%-9.4% 2.7% New ER $7.30 $3.65 5.8% Construction South Dakota N/A $9,500 0%-8.5% 1.0%-1.2% New ER $6.55 $2.13 3.0%-6.0% Construction Wisconsin 4.6%-6.75% $12,000 0.05%-9.80% 3.25%-6.6% $6.50**** $2.33***** Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
  • 9. 2009 Tax Information State Rates and Limits *Rates vary by industry. **Rate range includes Negative and Positive Fund Employers. ***Rates include surcharges. ****Special rules apply to minimum wage standards for this state. Please refer to state laws. Region: South State State Withholding State Unemployment Unemployment State Unemployment State Minimum State Minimum Tax Rate % Taxable Wage Base Limit Rate Range New Business Rate Wage Wage with Tips (Rates do not include surcharges unless noted.) Alabama 2.0%-5.0% $8,000 0.6%-6.2% 2.70% N/A N/A Arkansas 1.0%-7.0% $10,000 0.9%-10.8% 3.70% $6.25***** $2.63***** Florida N/A $7,000 0.1%-5.4% 2.70% $7.21 $4.19 Georgia 1.0%-6.0% $8,500 0.03%-5.4%** 2.62% $5.15***** $2.13***** Kentucky 2.0%-6.0% $8,000 1.0%-10.0% 2.7% New ER $6.55 $2.13 10.0% Construction Louisiana 2.0%-6.0% $7,000 0.10%-6.2% 1.15%-2.67% N/A N/A Mississippi 3.0%-5.0% $7,000 0.7%-5.4% 2.70% N/A N/A North Carolina 6.0%-7.75% $19,300 0%-6.84%** 1.20% $6.55 $2.13 Oklahoma 0.5%-5.5% $14,200 0.1%-5.5% 1.20% $6.55***** $3.28***** South Carolina 2.0%-7.0% $7,000 1.24%-6.10% 3.34% N/A N/A Tennessee N/A $7,000 0.3%-10.0% 1.5%-6.0%* N/A N/A Texas N/A $9,000 0.26%-6.26% 2.70%*** $6.55 $2.13 Blazej & Associates www.BlazejAccounting.com Publication Date: December 15, 2008. This material is current only as of the date of publication. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the understanding that the publisher is not in engaged in rendering legal, accounting, or other professional services. If legal advice or other expert services are required, the services of a competent professional should be sought.
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