Each Period

Year to Date

Net Take-Home Pay:

Social Security (6.2%):

Medicare (1.45%):

Federal Tax:

Tax Deferral Plan 401k:

Pre-Tax Deductions:

State/Local Tax:

Post-Tax Deductions:

Paycheck Calculations:
1. The FICA Social Security rate is 6.20 percent on earnings up to the applicable taxable maximum amount $118,500 in 2017.
2. The Medicare portion is 1.45 percent on all earnings. Also, as of January 2013, individuals with earned income of more than $200,000 or $250,000 for married couples filing jointly pay an additional 0.9 percent in Medicare taxes.