Payroll Information

$
%

Net Pay

$0
Gross Pay $0
Federal Tax $0
Social Security $0
Medicare $0
State Tax $0
401k $0
Annual Net Pay $0
Total Deductions $0
Take-Home % 0%

Understanding Payroll Deductions

Federal Income Tax: Progressive tax based on income level and filing status.

FICA Taxes: Social Security (6.2%) and Medicare (1.45%) are mandatory payroll taxes.

Pre-tax Deductions: 401k contributions reduce your taxable income, lowering your tax burden.