Arkansas State Facts
Arkansas Final Paycheck Law
| Fired: | The final paycheck is due on the earlier of: Within 7 working days of the date of termination; or the end of the next regular pay period. |
| Quit: | When an employee quits, the employee must be paid in the usual manner all wages due the employee no later than the regular payday for the pay period during which the termination occurred. If requested by the employee, such wages must be paid by mail. |
Arkansas Direct Deposit Law
| Can you force direct deposit: | No |
Arkansas Minimum Wage
| Minimum Wage | $11.00 |
| Minimum Cash Wage(Tipped Employee) | $2.63 |
| Maximum Tip Credit | $8.37 |
Arkansas State Income Tax
| Wage Withholding | Tables |
| Supplemental Wage / Bonus Rate | 5.50% |
Arkansas Unemployment Insurance
| Maximum 2022 Taxable Earnings(Unchanged from 2021) | $10.00 |
| Employee 2022 Deduction | None |
| Employer 2022 Tax Rates | 0.3*14.2% |
| Standard 2022 New Employer Rate | 3.10% |
| Voluntary Contribution Permitted | Yes |
Important Forms and Documents
Federal Tax Facts
Federal Minimum Wage Effective 7/24/2009
| Federal Minimum Wage | |
|---|---|
| Minimum Wage | $7.25 |
| Minimum Cash Wage(Tipped Employee) | $2.13 |
| Youth Minimum Wage | $4.25 |
| FICA (Medicare) | |
|---|---|
| Maximum Taxable Earnings | No Limit |
| Employee / Employer Tax Rate (Unchanged from 2019) | 1.45% |
| Additional Medicare Tax Withholding on Wages > $200,000(No Employer Match) | 0.90% |
| FICA (Social Security) | |
|---|---|
| Maximum Taxable Earnings (Increased from $142,800 in 2021 | $147,000 |
| Employee / Employer Tax Rate(Unchanged from 2021) | 6.20% |
| FUTA (Employer-Paid) | |
|---|---|
| Maximum Taxable Earnings | $7,000 |
| Health Savings Accounts | |
|---|---|
| Self-Only Contribution Limit (Employee / Employer)(Increased from $3,600 in 2021) | $3,650 |
| Family Contribution Limit (Employee / Employer)(Increased from $7,200 in 2021) | $7,300 |
| Catch-up Contribution Limit (Employee / Employer)(Unchanged from 2021) | $1,000 |
| Pension Plans | |
|---|---|
| Contribution Limit – 401(k) & 403(b) plans(Increased from $19,500 in 2021) | $20,500 |
| Catch-up Contribution Limit – 401(k) & 403(b) plans (age 50 or older) (Unchanged from 2021) | $6,500 |