Basically its giving you less space for everything no to be so crowdy around the space you dont want alot of things around.
This would be the calculation since you said that PA is your
state:
Gross Pay – 50,000
Tax deferred retirement - -
Caferteria - -
Circumstance options – (10,400)
--------------------------------------
Taxable income – 39,600
Federal Income Tax – 5,553.75
California State Income Tax – 1,535
Social Security – 3,100
Medicare tax – 725
Additional Medicare tax – 0
------------------------------------------
Take home pay – 39,086.25
Deduct the gross pay to the take home pay, to know the
amount of tax = 50,000 – 39,086.25
=10,913.75
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