Payroll Tax Rates for 2001

 

Social Security Tax:    6.2% each for employers and employees on wages up to $80,400;
 

Medicare Tax:    1.45% each for employers and employees, No Maximum;
 

FUTA Tax:    6.2% (or .8% after State UI credit) of wages up to $7,000, Employer paid only;
 

California SDI Tax:    .9% of wages up to $46,327, Employee paid only;
 

California UI Tax:    Varies depending on employer's experience rating, Employer paid only;


 
 
 

Due Dates for 2001 Payroll Tax Returns


 
 

April 30th, 2001:1st Quarter (Forms 941 and DE-6);
 

July 31st, 2001:2nd Quarter (Forms 941 and DE-6);
 

October 31st, 2001:3rd Quarter (Forms 941 and DE-6);
 

January 31st, 2002:4th Quarter (Forms 941 and DE-6) and 2001 Annual Returns (Forms 940 and DE-7), W-2's to Employees;
 

February 28th, 2002:2001Forms W-2 and W-3 to be filed with Social Security Administration
 


 

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