Rhode Island (RI) – 2020

Rhode Island

Minimum WageRhode IslandFederal
Minimum Wage$10.50$7.25
Minimum Cash Wage (Tipped Employee)$3.89$2.13
Maximum Tip Credit$6.61$5.12
Youth Minimum WageVarious rates$4.25
State Income TaxRhode IslandFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rate5.99%
Unemployment InsuranceRhode IslandFederal
Maximum 2020 Taxable Earnings (Increased from $23,600 in 2019)$24,000 Tier I Employers
Maximum 2020 Taxable Earnings (Increased from $25,100 in 2019)$25,500 Tier II Employers
Employee 2020 DeductionNone
Employer 2020 Tax Rates(Includes 0.21% Job Development Assessment Adjustment)0.9 – 9.4%
Standard 2020 New Employer Rate(Includes 0.21% Job Development Assessment Adjustment)1.27%
Voluntary Contribution PermittedYes
Disability InsuranceRhode IslandFederal
Maximum 2020 Taxable Earnings(Increased from $71,000 in 2019)$72,300
Employee 2020 Tax Rate (Increase from 1.1% in 2019)1.30%
Employer ContributionNone

Federal (FED) – 2020

Minimum WageFederal
Maximum Tip Credit$5.12
Youth Minimum Wage$4.25
Minimum Wage$7.25
Minimum Cash Wage (Tipped Employee)$2.13
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)0.90%
Maximum Taxable EarningsNo Limit
Employee / Employer Tax Rate (Unchanged from 2019)6.20%
Maximum Taxable Earnings (Increased from $132,900 in 2019)$137,700
Normal Net Tax0.60%
Maximum Credit5.40%
Percent of Taxable Wages6.00%
Maximum Taxable Earnings$7,000
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2019)$1,000
Family Contribution Limit (Employee / Employer) (Increased from $7,000 in 2019)$7,100
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,500 in 2019)$3,550
Supplemental Wage / Bonus RatesFederal
Pay over $1 Million (Unchanged from 2019)37%
Flat Rate Withholding Method (Unchanged from 2019)22%

Rhode Island State Resources

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