How Do I Calculate Payroll Percentages?
Calculating total payroll is never as simple as most people think it is–“X” amount times “Y” hours gives you “Z” pay. Taxes must be considered, both for the employer and the employee, benefits, workers’ comp, state unemployment (SUTA) and federal unemployment (FUTA) to consider and caps on certain amounts that get reached at different levels. All this must be factored in when calculating payroll percentages.
