When it comes to employees:
Is there a general rule of thumb or percentage as to how much I need to figure on top of the employees' wage to cover taxes, insurances, etc?
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When it comes to employees:
Is there a general rule of thumb or percentage as to how much I need to figure on top of the employees' wage to cover taxes, insurances, etc?
Probably 1.25 to 1.4 times as much as their salary depending on benefits you provide. Assuming you’re not offering health care or a 401K then I’d say 1.25 would be a safe number.
How Much Does an Employee Cost You?
Depends on the laws of your state. Some states don't require much if you only have a couple employees, other make your start paying workman's comp insurance if you have 1 or 2. Best advice I can give is to check with your state labor office and know the requirements and the cost for everything, social security tax, WC, ect