--Federal
law
mandates deductions
from each employee's pay. Take-home pay is what is
left after deducting
- -
12.4% FICA (Social Security)
- -
05%
Unemployment Insurance
- -
20% Health
Insurance
- -
Federal &
State Income Tax
The goal is to fund
essential government services.
.
|
Take-home pay is
usually about 66% of
total pay.
________________________
|