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Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company. Monthly gross income: $10000 Feder
by fancy_pantser 10y ago
Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.
Monthly gross income: $10000
Federal tax $1494
Medicare $144
Social Security $616
CA Income Tax $751
CA Disability $89
Pretax deductions:
Medical $56
Dental $5
Vision $2
Monthly take-home amount: $6843 (68.4% of gross)
- dmode 10y agoThis sounds right
- balfirevic 10y ago> Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company. Is that total cost to employer for that employee? Or are there additional expenses that are not considered part of employee gross income but instead fall under "employer pays for them" category?
- e28eta 10y agoYes, there are taxes paid by the employer. I dislike infographics, but the text at the bottom breaks it down also: https://framework.gusto.com/the-true-cost-to-hire-an-employee-in-california-infographic/ https://framework.gusto.com/the-true-cost-to-hire-an-employe...