Payroll cost calculator
Estimate what an employee really costs you per year and per month, including the annual bonus and the employer taxes and benefits. Rates are editable, so match them to your state and your plan.
How to use it
- You enter the data
- Smallo works it out
- You get the result
- Enter the employee's monthly gross salary.
- Set employer taxes and benefits as a percent of pay, and any annual bonus.
- Read the yearly total and the average monthly cost.
Frequently asked questions
What is included in employer taxes?
Employers pay part of Social Security and Medicare (FICA, 7.65% of wages), plus federal and state unemployment taxes, and often health and retirement benefits. The default 10% is only an example. Enter the total percentage that applies to your employee.
Is this an official payroll calculator?
No. It estimates your cost for planning. It does not calculate withholdings or paychecks, so use payroll software or your accountant for official amounts.