Tax withholding is the money that comes out of your paycheck in order to pay taxes, with the biggest one being income taxes. That’s where our paycheck calculator comes in. Because of the numerous taxes withheld and the differing rates, it can be tough to figure out how much you’ll take home. That’s because your employer withholds taxes from each paycheck, lowering your overall pay. But calculating your weekly take-home pay isn’t a simple matter of multiplying your hourly wage by the number of hours you’ll work each week, or dividing your annual salary by 52. When you start a new job or get a raise, you’ll agree to either an hourly wage or an annual salary. How Your Paycheck Works: Income Tax Withholding
states don't impose their own income tax for tax year 2022.
real median household income (adjusted for inflation) in 2021 was $70,784.