Current (2009) Tax Information
- Social Security Tax
-
6.2% on the first $106,800 of gross earnings for the year.
- Medicare Tax
-
1.45% on all gross earnings for the year.
- Self-Employment Tax
-
15.3% on the first $106,800 of net earnings for the year, and
2.9% on net earnings in excess of $106,800 for the year.
- Federal Unemployment Tax
-
Officially, 6.2% on the first $7,000 of gross earnings of each employee for the year,
but if the employer is eligible for the 5.4% maximum credit for payment of state unemployment taxes,
then the net rate is 0.8% on the first $7,000 of gross earnings of each employee for the year.
- State (Kansas) Unemployment Tax
-
Rates vary from zero to 7.4%, depending on each employer's experience rating.
The rate is assessed on the first $8,000 of gross earnings of each employee for
the year.
- Federal Withholding Tax
-
Rates vary from 10% to 35% of taxable income. See the Percentage Method tables.
- State (Kansas) Withholding Tax
- Rates vary from 3.50% to 6.45% of taxable income. See the
Percentage
Method tables.