Employees

[TotalNewbie]

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?

 

[dgage]

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?

 

[bsmith0404]

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