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TAXES AND BOOKKEEPING

Employee cost calculator
How much do employees cost beyond their standard wages? Answer the questions below to calculate the full cost of a new hire.
1
Pay information
Pay Type
HourlySalary
Employee’s hourly rate
Hours worked
2
Tax information
Taxes vary by state. Tell us where you do business so we can accurately calculate your costs. These calculation assumes that both the employee and the employer are within the same state.
State
New employer rates for unemployment insurance tax not included.
3
Benefits information
Are you contributing to your employee’s retirement plan?
YesNo
How much will you contribute to your employee’s retirement this year?
The estimated employee cost does not take into account brokerage or record keeping fees.
Do you offer health, vision, or dental insurance?
YesNo
Employer contribution, per year:
Health
Dental
Vision
As of 2016, the average annual premiums for employer-sponsored health insurance were $6,435 for single coverage and $18,142 for family coverage.*
Any other perk to include? Add those here (if any):
Common perks include: Health savings account, bonuses, profit sharing, vacation, paid time off, paid sick days, maternity/paternity leave, etc.
Perk name
Annual contribution
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All done!
Estimated annual employee cost*
$0.00
Estimated annual employee cost*
$0.00
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