Rates and Limits
Printer friendlyPayroll Rates and Numbers
| Payroll Rates and Numbers | 2008 | 2009 |
|---|---|---|
| Social Security wage limit | $102,000.00 | $106,800.00 |
| Medicare wage limit | Unlimited | Unlimited |
| Florida Minimum Wage | $6.79 | $7.21 through 7/23/09 $7.25 beginning 7/24/09 |
| Federal Minimum Wage | $6.55 (July 24) | $7.25 (July 24) |
| FUTA Taxable Wage Base | $7,000.00 | $7,000.00 |
| SUTA Taxable Wage Base | $7,000.00 | $7,000.00 |
| Business mileage rate | $.585/mile (current) | $.55/mile |
Qualified Retirement Plan Limits
| Qualified Retirement Plan Limits | 2008 | 2009 |
|---|---|---|
| Pretax contributions for 401(k) Workers age 50 or over (catch-up) |
$15,500 $5,000 |
$16,500 $5,500 |
| SIMPLE pretax contribution limit Workers aged 50 and over (catch-up) |
$10,500 $2,500 |
$11,500 $2,500 |
Pay-as-you-go Workers Comp
We are affiliated with several Florida workers comp carriers. Check to see if you are covered by one of them.
Professional groups:
- American Payroll Association - APA
- Independent Payroll Providers Association - IPPA
- The Payroll Group - TPG
- Manatee Chamber of Commerce
Location:
3800 26th Street West
Bradenton, FL 34205-3508
voice 941-755-9511
fax 941-755-9055