Transcription of EFFECTIVE JANUARY 1, 2022
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EFFECTIVE JANUARY 1, 2022
The Alloy Silverstein Group strives to provide the information you need to run your business are important payroll tax figures and changes that affect employers for 2022. EFFECTIVE JANUARY 1, 2022:Minimum WageThe EFFECTIVE rates per hour for 2022 are: Federal $ EFFECTIVE 7/24/09 New Jersey $ EFFECTIVE 1/1/22 Pennsylvania $ EFFECTIVE 7/24/09 Social Security/MedicareThe wage base increases to $147,000 for Social Security and remains UNLIM-ITED for Medicare. For Social Security, the tax rate is for both employers and employees. (Maximum Social Se-curity tax withheld from wages is $9,114 in 2022).
New Jersey Unemployment Tax The wage base is computed separately for employers and employees. For em-ployers for 2022, the wage base increas - es to $39,800 for unemployment insur-ance, disability insurance and workforce development. Employee’s unemployment and workforce development wage base increase to $39,800, maximum withhold - ing $169.15.
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