Quote:
Originally Posted by Henry17
I don't know enough about the US but generally there are deductions for stuff like EI and government run pensions that are separate from taxes.
For a gross of $65k
FICA (social security and medicare) 7.65% = 4,972.50
Federal income tax assuming standard deduction and one exemption = 10,106.00
Total Federal = 15,078.50
Take home = 49,921.50
And then there's state and city tax. Both are pretty high.