Free calculator
Total cost of a new hire
Salary is just the start. See what an employee actually costs once you add federal and Utah employer payroll taxes, workers' comp, and benefits.
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401(k) match, SEP, etc.
Office roles ~0.5%, trades ~3–8%
True annual cost of this hire
$73,643
- Social Security (6.2%)$3,720
- Medicare (1.45%)$870
- FUTA (federal unemployment)$42
- Utah SUTA (state unemployment)$611
- Workers' compensation$600
Burden on top of salary: 22.7%. A useful rule of thumb is to budget 1.25–1.4× base salary for a fully-loaded employee.
Estimates only. Not tax, legal, or accounting advice. For a complete review of your situation, schedule a consultation with a Davis & Bott CPA.
Want a more accurate estimate?
Schedule a planning call with a Davis & Bott CPA.