I am just trying to understand why 43.5% of my paycheck is going towards taxes. Also is it possible to increase my "take-home pay"?
For context I am in California and my 1st job pays $17/hr (Fast Food) and my 2nd job pays $22/hr (Medical).
My first paycheck for my 2nd job breakdowns like this:
- Gross Pay - $894.53 (Take Home Pay + Taxes)
- Take Home Pay - $418.34
- Taxes - $476.19
- FITW - $389.43
- SS - $55.46
- MED - $12.97
- CA - $10.28
- CASDI-E - $8.05
Other info on the paycheck:
- Fed Filing Status - "S+$357" (not too sure what this means)
- State Filling Status - "S-0"
Submitted September 08, 2023 at 11:25PM by sikkislitty https://ift.tt/0JyECg2
