AccountingHub
P1

The number on the check is not the cost

Change the gross pay and watch each withholding step it down to net pay, with the employer's cost growing beside it.

Employee side
Gross pay$10,000
Social Security (6.2%)($620)
Medicare (1.45%)($145)
Federal income tax withheld($1,500)
Medical insurance withheld($200)
Net pay$7,535
Employer side
Gross pay$10,000
Social Security (6.2%)$620
Medicare (1.45%)$145
FUTA (0.6%)$60
SUTA (5.4%)$540
Total cost of payroll$11,365

is what an employee earns. , , , insurance — come out of it to leave , the number on the check.

The employer pays a matching share of , plus and — taxes the employee never sees, because they are never withheld from anyone's pay. The true cost of a $10,000 payroll is higher than $10,000.