2020 Retirement Plan Contribution Limits
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $19,000 to
December 8, 2019 No Comments
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Minimum Wage Rates by State (UPDATED for 2020)
CA: 2020 INCREASING to $13/hr ($12/hr if 25 or fewer employees). Note some cities & counties have higher minimum wages. SD: 2020 INCREASING to $9.30/hr.
December 8, 2019 No Comments
2020 CA SDI, UI, ETT Rates & Limits
CA State Disability Rate: 1.00%. Max. taxable earnings: $122,909.CA Unemployment Tax Rate: 1.5%-3.4%. Max. taxable earnings: $7,000.CA Employers Training Tax: 0.10%. Max. taxable earnings: $7,000.
December 8, 2019 No Comments
2020 FICA Tax Rates & Limits
Social Security Rate: 6.2%. Max taxable earnings: $137,700Medicare Rate: 1.45%. Max taxable earnings: No limit Source: https://www.ssa.gov/policy/docs/quickfacts/prog_highlights/RatesLimits2020.html
December 8, 2019 No Comments
Employers Cited for Subcontractor’s $1.6 Million in Wage Theft
The Labor Commissioner recently fined two California grocers and their subcontractor more than $1.6 million in wage theft violations. The subcontractor was cited for violations
December 8, 2019 No Comments
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