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Payroll

Practical payroll lessons for decisions business owners face. Clear assumptions, formulas and human review.

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Business Track / payroll / 01

Employee Cost Calculator: The True Cost of an Employee

In our illustration, a $52,000 hire costs about $65,980 a year once you add employer payroll taxes, unemployment insurance, workers' comp, benefits and equipment. Here's how to work out the true cost of an employee before you hire, and a free employee cost calculator to run your own numbers.

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