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Frequently asked question
In most states, it’s required to have workers’ compensation insurance if you have employees to provide coverage for medical expenses and lost wages resulting from work-related injuries or illnesses.
In most states, it's required to have workers' compensation.
Please enter information about your employee’s federal tax filing and withholding status. You can find this information on your employee’s W-4.
The addition of employee benefits such as 401(k)s and health insurance can affect how your employee’s paycheck is calculated. Please add any deductions your employee has for benefits offered by your company.
Fringe benefits are additional non-cash benefits offered by employers and are often taxable, which means they can affect an employee’s paycheck and final take-home pay. Please add any fringe benefits that your employee uses that is offered by your company. If you don’t offer any of these benefits, please skip this section.
In rare cases, employees are exempt from certain payroll taxes. If this applies to your employee, please select the exempt tax(es) here.
The information provided by the Payroll Calculator provides general information regarding the calculation of taxes on wages. It is not a substitute for the advice of an accountant or other tax professional. The Payroll Calculator may not account for every tax or fee that applies to you or your employer at any time. OCMI, does not warrant, promise or guarantee that the information in the Payroll Calculator is accurate or complete, and OCMI expressly disclaims all liability, loss or risk incurred by employers or employees as a direct or indirect consequence of its use. By using the Payroll Calculator, you waive any rights or claims you may have against OCMI in connection with its use.