130K USD salary in Washington is how much after taxes?

Question

If my employer pays for health insurance then do they deduct from my gross pay or do I just pay the deductable and whatever the insurance doesn't cover when I go see the doctor?

Update:

The state of Washington, NOT D.C

Answer 1

Favourite answer

Washington state does not have a state income tax, so nothing to worry about there - just federal taxes.

Social Security tax is 6.2% = $8000

and Medicare is 1.45% = $1900

Federal income tax would be about $22,500/year if you are single with no children and no deductions. It would be less if you are married and/or have children.

So altogether you'll pay the federal government about $32,400, leaving you with about $97,600 after-taxes.

You will be in the 24% marginal rate, and it would be very wise to contribute money to pre-tax investment accounts such as your employer's 401k, a traditional IRA, or a Health Savings Account.

Answer 2

If they pay for your insurance, you do not pay for it.