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Benefits
Employee Cost Calculator calculates the true annual cost of an employee including salary, employer FICA (7.65%), health insurance, 401k match, PTO value, and overhead — giving you the real cost per hour worked.
Employee Cost Calculator is a high-performance utility designed to help users streamline their workflow. Built with modern web technologies, it ensures fast processing times and high-quality outputs directly in your browser.
Employer FICA: Social Security 6.2% on wages up to $176,100 + Medicare 1.45% on all wages (2026 IRS rates). PTO value = (annual salary / 260 working days) × PTO days. 401k match = salary × match%. Total includes $5,000 overhead estimate.
Employers pay 7.65% of salary for Social Security (6.2%) and Medicare (1.45%).
PTO value = daily salary × PTO days (daily salary = annual salary ÷ 260 working days).