Navigating the intricacies of payroll—be it deductions, taxes, or benefits—is a crucial task for any HR professional or payroll manager, oftengo ...
Florida Salary Paycheck Calculator
Written by: Daniel Eisner
Daniel Eisner is a payroll specialist with over a decade of practical experience in senior accounting positions.
Updated on July 21, 2024
Florida Salary Paycheck Calculator
- What Are Payroll Taxes?
- Florida Payroll Taxes
- Paying Payroll Taxes
- Using a Payroll Tax Service
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.
State
Where are you employed?
Salary
How much do you get paid annual?
Salary frequency
How often are you paid?
Marital status
What is your federal filing status?
Dependent(s)
Children under 17 and students under 24
All other dependents
Employee Location
Where do you live?
Benefits and Deductions
Choose a calculation method:
Fringe Benefits
Choose a calculation method:
Gross Pay
$0
Income taxes
0%
$0
Federal Income Tax
0%
$0
Alabama State Tax
0%
$0
Local Tax
0%
$0
FICA taxes
0%
$0
Social Security
Medicare
0%
$0
Additional Medicare
0%
$0
Pre tax
0%
$0
Post tax
0%
$0
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!
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