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Percentages for Calculating Payroll

 

FICA – 4.2% up to first $110,100 of Social Security taxable wages (2012)

 

Medicare – 1.45% with no limit to taxable wage base

 

TRS employee – 6.4% of gross salary

TRS match – 6.4% of gross salary

 

ORP employee – 6.65% of gross salary

ORP match – 6.4 % of gross salary for those participating 9/1/95 or later

                   8.5% of gross salary for those participating prior to 9/1/95

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