
http://www.irs.gov/pub/newsroom/notice_1036.pdf?portlet=7
(Source: IRS website)
** The following payroll tax rates are from IRS Publication 15. The comparison including withholding for FICA tax, Medicare tax and FUTA taxes for year 2010 and year 2011.
Year 2010
Tax Maximum Earnings Rate
FICA $106,800.00 6.20%
Medicare Unlimited 1.45%
FUTA $7,000.00 0.80%
Deductions per dependent: $3,650.00
Year 2011
(Revised December 20, 2010)
Tax Maximum Earnings Rate
FICA $106,800.00 4.20% (For ER's FICA, remained 6.20%)
Medicare Unlimited 1.45%
FUTA $7,000.00 0.80%
Deductions per dependent: $3,700.00
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