Free calculator
Payroll Cost Calculator
Free Payroll Cost Calculator with instant browser-based results and a clear calculation breakdown.
💰 Payroll Cost Calculator
Calculate the total cost of an employee including salary, benefits, and employer taxes. This tool helps estimate the true cost of employment beyond base wages.
Please enter a valid salary amount
e.g., life insurance, disability, education, etc.
Social Security (6.2%) + Medicare (1.45%) = 7.65%
Federal Unemployment Tax (typically 0.6% on first $7,000)
State Unemployment Tax (varies by state)
Total Annual Payroll Cost
$0
Base Salary:
$0
Bonus:
$0
Health Insurance:
$0
Retirement Match:
$0
Other Benefits:
$0
FICA Taxes:
$0
FUTA Taxes:
$0
SUTA Taxes:
$0
Cost per Pay Period: $0
How This Calculator Works
Total Payroll Cost includes all compensation and employer-paid expenses:
- Base Salary + Bonus: Direct compensation to the employee
- Benefits: Health insurance, retirement matching, and other perks
- Employer Taxes:
- FICA: 7.65% of wages (Social Security 6.2% + Medicare 1.45%)
- FUTA: Federal unemployment tax (typically 0.6% on first $7,000)
- SUTA: State unemployment tax (varies by state and experience rating)
- Overhead (optional): Workspace, equipment, software, training, etc.
Formula: Total Cost = Salary + Bonus + Health Insurance + (Salary × Retirement %) + Other Benefits + (Taxable Wages × Tax Rates) + Overhead
Note: This calculator provides estimates for planning purposes. Actual costs may vary based on specific circumstances, state regulations, and benefit plan details. Consult with a payroll professional or accountant for precise calculations.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.