Let's say if an offer letter says the SignOn = 50,000 on the first paycheck, what percent of it gets tax deducted and how much in hand you get on the paycheck? Is it 25% flat or more including SSN and federal etc? Tc:240k
The 25% is in addition to the normal withholding you set which is probably 35%
You will take home about 45%
50% my friend, I know it sucks
Correct, because: 22% Federal, 10.23% California, 6.2% social, 1.45% Medicare, 1% CA SDI Also, less any 401(k) contributions obviously...
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