Financial question please read?
Ok so I have a question
Say I make $10.00 an hour and I work 40 hours a week($400.00 per week)
It would be $800.00 every two weeks.
Does my net pay sound right?
Bi-weekly
$90.14(Federal withholding)
$49.60( social security)
$11.60( Medicare)
$34.00(Michigan)
Net pay: $614.66
I am moving to Michigan and just accepted this job and Im trying.to figure out.of this sounds correct or not.?
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Cant you do the math yourself? We dont know what your federal and state income taxes are because we dont know how many deductions you claimed on your W4. We also dont know what Michigan state income tax rate is.
Social Sec. is 6.2% so 614.66 x .062
Medicare is 2.2% so 614.66 x .22