Minimum Wage
2013
2014
Federal U.S. Department of Labor
U.S. Department of Labor
Minnesota
MN Department of Labor
MN Department of Labor
State Government Websites State Government Websites
State Government Websites
FICA (Social Security)
Max Taxable Earnings $113,700 $117,000
Employee/Employer % 6.2%/6.2% 6.2%/6.2%
Max Deduction $7,049.40 $7,254.00
FICA (Medicare)
Max Taxable Earnings No Max No Max
Employee/Employer % 1.45% 1.45%
Max Deduction No Max No Max
Plus additional 0.9% for individuals earning over $200,000 Plus additional 0.9% for individuals earning over $200,000
FUTA
Max Taxable Earnings $7,000 $7,000
% of Taxable Earnings

6.0%

6.0%
Max Credit 5.4% 5.4%
Normal Net Tax

0.6%

0.6%
Unemployment Insurance
MN Taxable Wage Base $29,000 $29,000
Employee Deduction None None
Supplemental Wage/Bonus Rate
Federal Flat 25% 25%
Minnesota Flat 6.25% 6.25%
Standard Mileage Rate
Rate $.565/mile
$.56/mile
Deferral Amounts
Max 401(k)/403(b) Elective Amount $17,500 $17,500
Catch-Up Contributions (50+) $5,500 $5,500
Max HSA Contribution Single $3,250 $3,300
Max HSA Contribution Family $6,450 $6,550
SIMPLE Plan Employee Amount $12,000 $12,000
SIMPLE Catch-Up Contributions (50+) $2,500 $2,500
Federal Reserve Holidays
New Year’s Day

Tuesday, January 1st

Wednesday, January 1st
Martin Luther King Jr. Day

Monday, January 21st

Monday, January 20th
President's Day

Monday, February 18th

Monday, February 17th
Memorial Day

Monday, May 27th

Monday, May 26th
Independence Day

Thursday, July 4th

Friday, July 4th
Labor Day

Monday, September 2nd

Monday, September 1st
Columbus Day

Monday, October 14th

Monday, October 13th
Veterans Day

Monday, November 11th

Thursday, November 11th
Thanksgiving Day

Thursday, November 28th

Thursday, November 27th
Christmas Day

Wednesday, December 25th

Thursday, December 25th
States with Reciprocal Agreements
Click here to download our reciprocal agreement document (PDF).
 
Common Phone Numbers and Websites
IRS www.irs.gov
800-829-4933
EFTPS www.eftps.gov
800-555-8778
SSA www.ssa.gov
800-772-1213
MN SITW www.taxes.state.mn.us
651-282-5225
MN SUI (CBIZ Payroll is agent AAG000093) www.uimn.org
651-296-6141
Tax Wiithholding Due Dates (State/Fed)
Check Date Wed - Fri Due Following Wednesday
Check Date Sat - Tues

Due Following Friday

 
 
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