theheat
May 23, 2007, 08:34 PM
If  I  earn $60,000  a  year or  $30/hr    during OPT , how much do I get after the taxes, in my hand ?  How is Per Diem calculated ?   And so how much  do I get  during H1b status ?
 
Thanks.
AtlantaTaxExpert
May 25, 2007, 11:41 AM
Assuming you are single, your federal income tax liability will be about $9,400.
 
Per diem rates are published by the IRS.  You can access them at Internal Revenue Service (http://www.irs.gov) (IRS Pub 1542).
 
When you switch to H-1B status, you become liable for Social Security and Medicare taxes.  The flat tax rates ate 6.2% for SS and 1.45% for Medicare.