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Understand how an employee leasing agreement works

What Are the PEO Costs?

 

There are 5 cost factors that make up a PEO proposal.
These are the same 5 employee-related expenses that you currently must manage, regardless of method.

Workers' compensation rate is determined by the risks associated with a particular occupation and the experience rate of the employer

Social Security and Medicare tax is a fixed rate applied to all businesses with employees

FUTA rate means Federal Unemployment Tax Act- this is a fixed rate

SUTA rate means State Unemployment Tax Act- this rate depends on the employer, age and business record

Administration is the preparation and execution of all payroll, workers’ comp, benefit and HR services


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