Work Law Pay With Tax In Phoenix - USLF Multistate Employment Law Handbook - Guide
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SUI tax rate by state StateNew Employer Tax Rate 2024 Alaska Standard rate 1.66% (Alaska employers who do not have a rate use the standard rate) 0.50% employee share Arizona 2.0% Arkansas 2.025% (including 0.125% administrative assessment) California 3.4%47 more rows •
Social Security tax formula: Employee Income × 6.2% = Social Security Tax. Medicare tax formula: Employee Income × 1.45% = Medicare Tax. FUTA tax formula: Employee Income × (FUTA Tax Rate – State Credit Reduction) = FUTA Tax.
Note: Under-withholding can result in you owing tax and/or underpayment penalties when you file your Arizona return at the end of the year. For tax year 2023 and beyond, the tax rate for Arizona taxable income is 2.5%.
Arizona payroll taxes Arizona adopted a 2.50% flat income tax starting with the 2023 tax year.
Arizona has a flat individual income tax rate of 2.5% that took effect in 2023. Arizona's corporate tax rate is 4.9%. Arizona doesn't tax Social Security benefits. Up to $2,500 of income from the federal government, designated Arizona state government, and Arizona local government retirement plans are exempt from tax.