Other factors that can affect the size of your paycheck in California or in any other state include your marital status, your pay frequency and what deductions and contributions you make. (Luckily, there is a deduction for the part of FICA taxes that your employer would normally pay.) If you work for yourself, you’ll have to pay the self-employment tax, which is equal to the employee and employer portions of FICA taxes for a total of 15.3% of your pay. Your employer matches the 6.2% Social Security tax and the 1.45% Medicare tax in order to make up the full FICA taxes requirements. If you earn over $200,000, you’ll also pay a 0.9% Medicare surtax. Your employer withholds a 6.2% Social Security tax and a 1.45% Medicare tax from your earnings after each pay period. When calculating your take-home pay, the first thing to come out of your earnings are FICA taxes for Social Security and Medicare. There may also be contributions toward insurance coverage, retirement funds, and other optional contributions, all of which can lower your final paycheck. The reason for this discrepancy between your salary and your take-home pay has to do with the tax withholdings from your wages that happen before your employer pays you. But unless you’re getting paid under the table, your actual take-home pay will be lower than the hourly or annual wage listed on your job contract. Your job probably pays you either an hourly wage or an annual salary. Number of cities that have local income taxes: 1.Median household income in California: $81,575 (U.S.California income tax rate: 1.00% - 13.30%.
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