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Calculate your Savings

Typical Payroll Taxes

	FICA		7.65%
	Workman's Comp*		15.00%
	FUTA		1.60%
	SUTA		1.40%
			25.65%

25.65% is the approximate additional payroll cost when paying fringe dollars as cash wages

Sample Calculation

Assume XYZ Construction Company has 15 employees doing Prevailing Wage work. These employees work approximately 1000 hours each per year. The Fringe amount above base rate is $4 / hour.

15 employees X 1000 hours = 15,000 Total hours
15,000 hours X $4.00 = $60,000 in Additional Payroll
$60,000 X 25.65% =

$15,390 XYZ Construction Company Savings

*can fluctuate greatly but usually between 10% - 50%