What is the annual salary for $21.00 an hour after taxes?

Question

In California

Answer 1

I'd say roughly $30-33K. $42K minus about 1/4 for taxes.  

Answer 2

There are 2080 hours in a normal working year.

So 2080 * 21 = 43,680

The FICA/MC   would be 43,680 * 7.65% = 3,342.

The Federal tax liability would be about  5144.

California Tax is about 1868.

Total tax would be about $10354. This would leave 43680 - 10364 = 33,326. Less local taxes if any.

Hope this helps.

Edit: This amount is just an estimate of withholding tax...it has nothing to with the amount of tax you might actually owe.

Answer 3

The basic rule of thumb is "10 will get you 20" ($10 an hour full time gets you about $20K a year). So, you're looking at around $42K a year.

Answer 4

Taxes depend on a number of things that you have not listed.

Answer 5

Can't answer without knowing marital status, dependents, etc.