California State Facts California effective 1/1/2022 Federal Effective 7/24/2009
| California Final Paycheck Law | |
|---|---|
| Fired: | If an employee is involuntarily terminated, the final paycheck (including accrued vacation) is due immediately at the time of termination. |
| Quit: | If the employee quits with at least 72 hours’ notice, and quits on the day given in the notice, the final paycheck (including accrued vacation) must be provided at the time of quitting. If the employee quits with less than 72 hours’ notice, the final paycheck (including accrued vacation) must be made within 72 hours of quitting. The employee may request that his or her final wage payment be mailed to a designated address (for this purpose, the date of mailing is considered the date of payment) |
| California Direct Deposit Law | |
|---|---|
| Can you force direct deposit | No |
| California Minimum Wage | |
|---|---|
| Minimum Wage | $15.00 |
| Minimum Cash Wage(Tipped Employee) | $15.00 |
| Maximum Tip Credit | Not Allowed |
| California State Income Tax | |
|---|---|
| Wage Withholding | 4.55% |
| Supplemental Wage/Bonus Rate | 6.6%, except 10.23 for BONUSES and earnings from Stock Options |
| California Unemployment Insurance |
|---|
| Maximum 2022 Taxable Earnings(Unchanged from 2021) | $7,000 |
| Employee 2022 Deduction | None |
| Employer 2022 Tax Rates(Includes 0.2% fund-stabilization surtax) | 1.5-6.2% |
| Standard 2022 New Employer Rate(Includes 0.2% fund-stabilization surtax) | 3.40% |
| Voluntary Contribution Permitted | No |
Federal Tax Facts
| Federal Minimum Wage | |
|---|---|
| Minimum Wage | $7.25 |
| Minimum Cash Wage(Tipped Employee) | $2.13 |
| Maximum Tip Credit | $5.12 |
| 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 |
| Percent of Taxable Wages | 6.00% |
| Maximum Credit | 5.40% |
| Normal Net Tax | .060% |
| 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 |