Florida Paycheck Calculator

Use Florida Paycheck Calculator to estimate net or “take home” pay for salaried employees. Simply input salary details, benefits and deductions, and any other necessary information as prompted below, and let our tool handle the rest.

What Are Payroll Taxes?

Payroll taxes withheld from employee paychecks fund Social Security and Medicare, to which the employer also makes payroll tax contributions.

The Social Security tax is paid by both the employee and the employer at a rate of 6.2% of the employee’s wages. The Medicare tax is also paid by both employee and employer, but at a rate of 1.45%.

Employers are also required to pay taxes under the Federal Unemployment Tax Act (FUTA) and the State Unemployment Tax Act (SUTA). The employer must also collect federal income tax from employee paychecks, and pay that amount to the IRS. The rate is determined by the employee’s tax bracket.

Each state also has specific state payroll taxes that must be withheld and paid.

Florida Payroll Taxes

There is only one employer payroll tax to keep track of in Florida, in addition to Social Security and Medicare. 

Employers contribute to a state unemployment tax account, as per SUTA. 

Florida does not have a state income tax, so you only have to withhold federal tax. 

SUTA

Under SUTA, companies must allocate a portion of their payroll taxes toward the state’s unemployment program, which pays out benefits to the unemployed until they find a new job or the predetermined benefit runs out.

In Florida, SUTA rates range from .1% to 5.4% and are determined by the difference between SUTA taxes paid and unemployment insurance paid by the employer. 

The rate for new employers is 2.7%. Find rate information at the Department of Revenue. 

Paying Payroll Taxes

Florida does not have a state income tax, so you do not have to register for state withholdings. You will need to register, however, for SUTA taxes with the Department of Revenue. 

To pay, you’ll sign into your Department of Revenue account and make your quarterly payments. 

Using a Payroll Tax Service

In Florida, payroll and payroll taxes come with countless laws and restrictions, which is why many business owners turn to a payroll service provider to ensure their business remains fully compliant. It’s usually less expensive than creating a new staff position for managing payroll, and relatively easy.  

You’ll just send over your digital timesheets and relevant information and the service provider will take care of the calculations, payments and taxes, freeing you up to focus on growing your business. 

We highly recommend hiring a payroll service — as a busy entrepreneur, you won’t regret it!