Say you run a small marketing agency in Texas with six employees. For 2024,Texas’ taxable wage basefor employees is $9,000, and the tax rates range from 0.25% to 6.25%. Assume that your company’s SUTA tax rate for 2024 is 2.7%. Using the formula below, you would need to pay $...
Obviously, my calculation is simplistic because we all die at some point. My calculation is based on cash flow into perpetuity. To counteract the perpetuity, I assign a Probability of Payout percent. Further, we all won't have surviving spouses to continue receiving the pension long after we'...