By Payroll and Entitlements Editorial Staff
The Tier 2 tax rate for 2020 under section 3201(b) on employees is 4.9% of compensation. The Tier 2 tax rate for 2020 under section 3221(b) on employers is 13.1% of compensation. The tier 2 tax rate for 2020 under section 3211(b) on employee representatives is 13.% of compensation. (IRS Notice: Publication of the Tier 2 Tax Rates, November 22, 2019.)
Interested in submitting an article?
Submit your information to us today!Learn More