Cost of Labor Calculator

Payroll Tax

Social Security 6.20%
Medicare 1.45%
Federal unemployment 0.60%
State unemployment %
Total tax cost %

Employee Overhead

Total number of employees
Employee Overhead Costs
Employee Overhead costs includes the cost and time associated with managing the administration of your employees. This includes, payroll processing, tax reporting and deposits, workers compensation and safety management, benefits administration, retirement administration, and many non-revenue generating activities. According to the Small Business Administration (SBA), the cost associated with employee overhead is based on your employee count. Please enter your employee count to the left to receive an average estimate percentage of annual gross payroll.

Workers Compensation

  Code 1 Code 2 Code 3 Code 4 Code 5
Workers comp code
Workers comp rate % % % % %
Number of employees
Total annual salary $ $ $ $ $

True Cost of Labor

Workes comp code
Total Labor Costs (%)
Total Labor Costs ($)