130K USD salary in Washington is how much after taxes?
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?
The state of Washington, NOT D.C
- Coffee DrinkerLv 72 months agoFavourite 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.
- SlickterpLv 72 months ago
If they pay for your insurance, you do not pay for it.