Payroll Tax Rates for 2002

Social Security Tax:      6.2% each for employers and employees on wages up to $84,900;
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, Contact EDD for your pre-assigned rate, Employer paid only;


Due Dates for 2002 Payroll Tax Returns

April 30th, 2002:              1st Quarter (Forms 941 and DE-6);
July 31st, 2002:                  2nd Quarter (Forms 941 and DE-6);
October 31st, 2002:             3rd Quarter (Forms 941 and DE-6);
January 31st, 2003:             4th Quarter (Forms 941 and DE-6) and 2002 Annual Returns (Forms 940 and DE-7), W-2's to Employees;            February 28th, 2003: 2002 Forms W-2 and W-3 to be filed with Social Security Administration


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