Systems Architect
How much money will you actually bring home?
Pay stub categories
Calculations
Pay stub amounts
What is your monthly gr oss pay?
What is your Federal Income Tax deduction (15% of gross pay)?
If this job is considered self-employment you will need to deduct 7.65% of gross pay.
What is your State Income Tax deduction (____% of gross pay)?
Not applicable in Texas
What is your Social Security deduction (6.2% of gross pay)?
What is your Medicare deduction (1.45% of gross pay)?
You will also deduct $150 for health insurance and $200 for retirement.
What is the total of all of your deductions?
What is your monthly net pay?
- Monthly gross pay: $10,000
- Federal Income Tax deduction (15% of gross pay): $1,500
- Self-employment deduction (7.65%): $765
- State Income Tax deduction: Not applicable in Texas
- Social Security deduction (6.2%): $620
- Medicare deduction (1.45%): $145
- Health insurance deduction: $150
- Retirement deduction: $200
- Total deductions: $3,380
- Monthly net pay: $10,000 - $3,380 = $6,620
Therefore, the Systems Architect will bring home a monthly net pay of $6,620.