Federal income tax | 11 percent of gross pay | = $15.40 |
---|---|---|

Social Security tax | 6.2 percent of gross pay | = $8.68 |

Medicare tax | 1.45 percent of gross pay | = $1.40 |

Total deductions | $31.71 | |

$140 (gross pay) minus $31.71 (all deductions) = $108.29 (net pay) |

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### What is California’s income tax rate 2018?

Taxes Under the 2018 Tax Reform. Your marginal federal income tax rate changed from 25.00% to 24.00%. Your effective federal income tax rate changed from 18.19% to 15.51%.

### How much do you get taxed in California?

If you make $55,000 a year living in the region of California, USA, you will be taxed $11,612. That means that your net pay will be $43,388 per year, or $3,616 per month. Your average tax rate is 21.11% and your marginal tax rate is 38.11%.

## How do you calculate take home pay?

After you have both numbers, divide your take home pay by your gross pay, and then multiply the result by 100. This gives you your take home pay as a percentage of gross pay per pay period.

### How much is my salary per hour?

Multiply the number of hours you work per week by your hourly wage. Multiply that number by 52 (the number of weeks in a year). If you make $20 an hour and work 37.5 hours per week, your annual salary is $20 x 37.5 x 52, or $39,000.

### How much does the government take out of my paycheck?

6.2% of each of your paychecks is withheld for Social Security taxes and your employer contributes a further 6.2%. There is no income limit on Medicare taxes. 1.45% of each of your paychecks is withheld for Medicare taxes and your employer contributes a further 1.45%.

Photo in the article by “Wikipedia” `https://en.wikipedia.org/wiki/Education_Program_talk:University_of_California,_Berkeley/(SGP)_Berkeley_Water_Group_Idea_Lab_(Spring_2015)/course_page`