Payroll Articles
WAGE & TAX REFERENCE GUIDE
Federal Deferred Compensation Limits 2004
Deferral Limits | |
Sec. 401(k) | $113,000 |
SIMPLE | $119,000 |
Sec. 403(b) | $113,000 |
Sec. 457 | $113,000 |
Compensation Limits | |
Qualified Plans | $205,000 |
Defined Contribution Max. Annual Addition | $141,000 |
Highly Compensated Employee | $190,000 |
Federal 2004 Vehicle Use Valuations
Mileage Rates | |
Business | 37.5 cents |
Relocation | 14 cents |
Charitable | 14 cents |
Medical | 14 cents |
Tax-Free Transportation Benefits | |
Parking | $195 per month |
Transit Passes | $100 per month |
Van Pools | $100 per month |
State | Base Minimum Wage |
Unemployment Wage Base |
Federal | $5.15* | $17,000 |
Alabama | None* | $18,000 |
Alaska | $7.15* | $27,100 |
Arizona | None | $17,000 |
Arkansas | $5.15* | $10,000 |
California | $6.75* | $17,000 |
Colorado | $5.15* | $10,000 |
Connecticut | $7.10* | $15,000 |
Delaware | $6.15* | $18,500 |
District of Columbia | $6.15* | $19,000 |
Florida | None | $17,000 |
Georgia | $5.15* | $18,500 |
Hawaii | $6.25* | $31,000 |
Idaho | $5.15* | $27,600 |
Illinois | $5.50* | $19,800 |
Indiana | $5.15* | $17,000 |
Iowa | $5.15* | $19,700 |
Kansas | $2.65* | $18,000 |
Kentucky | $5.15* | $18,000 |
Louisiana | None | $17,000 |
Maine | $6.25* | $12,000 |
Maryland | $5.15* | $18,500 |
Massachusetts | $6.75* | $14,000 |
Michigan | $5.15* | $19,000 |
Minnesota | $5.15* | $22,000 |
Mississippi | None | $17,000 |
Missouri | $5.15* | $18,000 |
Montana | $5.15* | $20,300* |
Nebraska | $5.15* | $17,000* |
Nevada | $5.15* | $22,000* |
New Hampshire | $5.15* | $18,000* |
New Jersey | $5.15* | $24,300* |
New Mexico | $5.15* | $16,800* |
New York | $5.15* | $18,500* |
North Carolina | $5.15* | $16,200* |
North Dakota | $5.15* | $18,500* |
Ohio | $5.15* | $19,000* |
Oklahoma | $5.15* | $14,300* |
Oregon | $7.05** | $27,000* |
Pennsylvania | $5.15* | $18,000* |
Puerto Rico | $5.15* | $17,000 |
Rhode Island | $6.75* | $14,000* |
South Carolina | None | $17,000* |
South Dakota | $5.15* | $17,000* |
Tennessee | None | $17,000* |
Texas | $5.15* | $19,000* |
Utah | $5.15* | $22,700* |
Vermont | $6.75* | $18,000* |
Virginia | $5.15* | $18,000* |
Virgin Islands | $5.15* | $18,400* |
Washington | $7.16* | $30,200* |
West Virginia | $5.15* | $18,000 |
Wisconsin | $5.15* | $10,500 |
Wyoming | $5.15* | $15,900 |
State | Supplemental Holding Rate (%) | Annual Reconciliation Due Date |
Federal | 25 | Feb. 28* |
Alabama | 5 | Feb. 28* |
Alaska* | ———— | —— |
Arizona | ———— | Feb. 28* |
Arkansas | 7 | Feb. 28* |
California | 6 or 9.3 | Jan. 31* |
Colorado | 4.63 | Feb. 28* |
Connecticut | ———— | Feb. 28* |
Delaware | ———— | Feb. 28* |
District of Columbia | ———— | Jan. 31* |
Florida | ————* | —— |
Georgia | 2, 3, 4, 5 or 6 | Feb. 28* |
Hawaii | ———— | Feb. 28* |
Idaho | 7.8 | Feb. 28* |
Illinois | 3 | Feb. 28* |
Indiana | 3.4 | Feb. 28* |
Iowa | 6 | Feb. 28* |
Kansas | 5 | Feb. 28* |
Kentucky | ———— | Jan. 31* |
Louisiana | 2.1 to 4.8 | Feb. 28* |
Maine | 5 | Feb. 28* |
Maryland | ———— | Feb. 28* |
Massachusetts | ———— | Feb. 28* |
Michigan | 4.0 (3.9% as of 7/1/04) | Feb. 28* |
Minnesota | 6.25 | Feb. 28* |
Mississippi | ———— | Jan. 31* |
Missouri | 6 | Feb. 28* |
Montana | 6 | Feb. 28* |
Nebraska | 5 | Mar. 15* |
Nevada | ———— | ———— |
New Hampshire | ———— | ———— |
New Jersey | ———— | Feb. 28* |
New Mexico | 6.8 | ————* |
New York | Various | ————* |
North Carolina | 6 | Feb. 28* |
North Dakota | 3.92 | Feb. 28* |
Ohio | 3.5 | Feb. 28* |
Oklahoma | 6.65 | ————* |
Oregon | 9 | Feb. 28* |
Pennsylvania | 3.07 | Jan. 31* |
Puerto Rico | ———— | Jan. 31* |
Rhode Island | ———— | Feb. 28* |
South Carolina | 7 | Feb. 28* |
South Dakota | ———— | ———— |
Tennessee | ———— | ———— |
Texas | ———— | ———— |
Utah | ———— | Feb. 28* |
Vermont | 7.2 | Feb. 28* |
Virginia | 5.75 | Feb. 28* |
Washington | ———— | ———— |
West Virginia | 3 to 6.5 | Feb. 28* |
Wisconsin | 4.6, 6.15, 6.5, or 6.75 | Jan. 31* |
Wyoming | ———— | ———— |
Federal Contacts*
Internal Revenue Service
Info. Reporting Call Site (304) 263-8700
“FIRE” Online Reporting (304) 262-2400
Forms and Publications (800) 829-3676
Help Line (800) 829-1040
IRS Internet Home Pages
Main: http://www.irs.gov
Electronic Tax Payments:
http://www.eftps.gov
Social Security Administration
Help Line (800) 772-1213
Online Wage Reporting Service (410) 966-8450
Internet Home Page http://www.ssa.gov
Department of Labor
Wage and Hour (202) 693-0067
Internet Home Page http://www.dol.gov
Child Support Enforcement
Internet Home Page
http://www.acf.dhhs.gov/programs/cse
Bureau of Citizenship and Immigration Services (BCIS)
24-Hour Help Line (800) 375-5283
Internet Home Page http://www.bcis.gov
*Subject to change. Last updated June, 2004.
Article from ADP