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2018 Tax Rates


Mileage Allowance:

  • Business - $0.545 per mile
  • Charitable - $0.14 per mile
  • Medical/Moving - $0.18 per mile

Minimum Wage:

  • Federal $7.25 per hour
  • NJ State $8.60 per hour

Federal Tax Information:

  • Social Security: Wage Base Limit $128,700
  • Social Security Rate: 6.2%
  • Maximum Contribution $7,979.40
  • Medicare Rate: 1.45%
  • FUTA: Taxable Wage Base $7,000
  • Net Tax Rate: 0.6%

New Jersey State Information:

  • NJ Sales and Use Tax: 6.625%
  • State Withholding Tax: Graduated Tax Table
  • State UI/DI: Taxable Wage Base $33,700
  • Base Week Amount $169
    • SDI 0.19% - maximum contribution $64.03
    • SUI 0.3825% - maximum contribution $128.90
    • Workforce 0.0425% - maximum contribution $14.32
    • NJ Family Leave Ins. 0.09% - maximum contribution $30.33