Unemployment rate, taxable wage base, minimum wage and withholding
Federal payroll rules are identical everywhere; the money differs by state. What Wyoming assigns a new Frannie employer, what wage base it applies, and what its minimum wage requires are below with state sources.
Two free marketplace paths: one form brings back multiple vetted payroll providers who know they are competing for the account.
Wyoming sets the new-employer unemployment tax rate by state formula rather than as one flat number, and applies it to the first $33,800 of each employee's wages per year - the state-set portion of every Frannie payroll, shown in full in the table below.
Wyoming sets its minimum wage at $7.25, the floor every Frannie hourly rate has to clear before overtime, tip credits and local ordinances are applied on top.
Employers in Frannie's county pay about $54,919 a year per employee on average across 2,341 covered jobs (Census County Business Patterns 2023) - the wage base every unemployment rate and withholding schedule is applied to locally.
The state layer is where payroll compliance stops being generic. Wyoming sets the unemployment rate and wage base your account is billed on, the minimum wage your rates must clear, the deadline for reporting every new hire, and the rule that decides when a departing Frannie employee's final check is legally late.
Federal payroll rules are identical in every state; the expensive differences are local. Wyoming assigns a state unemployment tax rate and a taxable wage base, sets a minimum wage that may sit above the federal floor, and runs its own withholding registration and deposit schedule. Any Frannie payroll quote that does not account for those is a quote for a different business.
Put a state payroll setup review out to competing quotes before you compare prices
Two free marketplace paths: one form brings back multiple vetted payroll providers who know they are competing for the account. Competing quotes are the only reliable way to see what your headcount actually prices at.
External links go to the marketplaces' own sites and forms. This site may earn a referral fee at no cost to you - it never changes the data above, and no individual payroll provider pays to appear in our research.
What Wyoming adds to every payroll
| Question | Wyoming answer |
|---|---|
| State unemployment tax - new employer rate | No flat rate - new employers (under three years of experience) get an industry-specific base rate plus three additional rate factors (range Maximum base rate 8.5% (confirmed)) |
| Taxable wage base per employee | $33,800 - Wyoming assigns new employers a base rate calculated from their specific industry, then adds three separate rate factors on top; the sum is the total tax rate for the calendar year |
| State minimum wage | $7.25 - operative rate is the federal $7.25: the state's own statutory figure of $5.15 is superseded for every FLSA-covered employer |
| State income tax withholding | none — no state individual income tax |
Wyoming automatically assigns the maximum 8.5% base rate to any employer who files a report before finishing registration - a paperwork slip, not a claims history, can triple a new employer's rate.
This page is independent research, not legal, tax or accounting advice. Federal deposit rules and state wage, unemployment and final-paycheck laws change - verify current requirements with the IRS and your state labor and revenue agencies, or with a licensed CPA or attorney, before acting.
Why two identical Frannie payrolls owe different amounts
Unemployment tax is charged as a rate against a capped amount of each employee's wages, and both halves of that formula are state decisions. A new Frannie employer is assigned a starting rate; once there is claims history the rate moves within the state's statutory band. The wage base decides how much of a salary the rate touches - which is why a state with a high base and a low rate can cost more than the reverse. Neither number is negotiable, but both are worth knowing before comparing payroll quotes that quietly assume one state.
What this means in Frannie
A late deposit costs 2% to 15% of the deposit; a full year of payroll processing for a small Frannie employer costs less than one such penalty on a modest payroll. Price the service second and the failure mode first.
This page is independent research, not legal, tax or accounting advice. Federal deposit rules and state wage, unemployment and final-paycheck laws change - verify current requirements with the IRS and your state labor and revenue agencies, or with a licensed CPA or attorney, before acting.
Put a state payroll setup review out to competing quotes before you compare prices
Two free marketplace paths: one form brings back multiple vetted payroll providers who know they are competing for the account. Competing quotes are the only reliable way to see what your headcount actually prices at.
External links go to the marketplaces' own sites and forms. This site may earn a referral fee at no cost to you - it never changes the data above, and no individual payroll provider pays to appear in our research.
Common questions
What is the penalty for depositing payroll taxes late?
The federal failure-to-deposit penalty runs 2% for deposits up to 5 days late, 5% for 5-15 days, 10% beyond 15 days, and 15% if the tax remains unpaid more than ten days after the IRS issues a notice. Filing Form 941 late adds a separate penalty of about 5% of the unpaid tax per month, capped near 25%.
What hidden fees do payroll companies charge?
The recurring surprises are year-end W-2 and 1099 filing at roughly 4-8 dollars per form, additional state tax filings at 6-20 dollars per state per month for remote employees, off-cycle or bonus runs at 5-50 dollars each, setup or implementation fees, charges for mailed paper checks, and per-employee fees that continue for terminated staff. Ask for the full fee schedule in writing, not the pricing page.
If my payroll provider files late, who pays the IRS penalty?
The employer is responsible to the IRS regardless. The IRS states that outsourcing payroll duties does not relieve an employer of the responsibility to deposit and report employment taxes - the notice follows your EIN. Many providers offer a contractual guarantee to cover penalties they cause, but that is a private contract, not a change in tax liability. Get the guarantee, its limits and its claim process in writing.
How much does a payroll service cost for a small business?
In 2026 published pricing, payroll services charge a monthly base fee of roughly $20-$150 dollars plus $4-$15 dollars per employee per month. A ten-employee business commonly lands between $70 and $250 dollars a month before add-ons. Full outsourced processing is often quoted per person instead, at roughly $30-$100 dollars per employee per month. These are directional market ranges, not quotes.
What is the Trust Fund Recovery Penalty?
Withheld income tax and the employee share of Social Security and Medicare are held in trust for the government. When those amounts are not paid over, the IRS can assess a penalty equal to the full unpaid trust-fund amount personally against any responsible person who willfully failed to pay - an owner, officer or bookkeeper. It is one of the few business tax liabilities that reaches through a corporation or LLC to an individual.
Put a state payroll setup review out to competing quotes before you compare prices
Two free marketplace paths: one form brings back multiple vetted payroll providers who know they are competing for the account. Competing quotes are the only reliable way to see what your headcount actually prices at.
External links go to the marketplaces' own sites and forms. This site may earn a referral fee at no cost to you - it never changes the data above, and no individual payroll provider pays to appear in our research.