Florida variant. This is a Florida-specific version of the Payroll Tax Estimator (Flat Rate), using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Payroll Tax Estimator (Flat Rate).
Florida employers owe federal payroll taxes (Social Security, Medicare, FUTA) plus state obligations (state unemployment only - no state income tax withholding).
Payroll tax obligations in Florida
Employers match the 6.2% Social Security and 1.45% Medicare withheld from employees, and pay FUTA (0.6% on the first $7,000 after credits) plus state unemployment insurance.
Florida has no state income tax, so you don't withhold state income tax - but you still pay state unemployment.
About taxes and housing in Florida
Florida levies no state income tax, funding government primarily through sales taxes and tourism-related revenue.
Florida's homestead exemption reduces taxable home value and its Save Our Homes provision caps annual assessment increases for primary residences.
Florida's economy is driven by tourism, real estate, and an influx of retirees and new residents drawn by the lack of an income tax.
Worked example: employer cost on $73,311
On a $73,311 salary, the employer's FICA match alone is 7.65% = $5,608, before FUTA and Florida unemployment insurance.
Quick reference
- State income tax: No state income tax
- State sales tax: 6% (plus 1.02% avg local)
- Median home value: $410,000
- Median household income: $73,311
- Effective property tax rate: 0.8%
- Avg auto insurance: $2,694/yr
Frequently Asked Questions
What payroll taxes do Florida employers pay?
Employer FICA match (7.65%), FUTA, state unemployment, and no state income tax withholding.
What is the employer FICA match?
Employers match 6.2% Social Security + 1.45% Medicare = 7.65% of wages.