Hi I'm doing a research paper and one of areas I have to find information on is how much and what type of taxes come out of a Texas teachers paycheck making 38,000 a year. If any one could help me out soon I would greatly appreciate it.Thanks :)
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Hi I'm doing a research paper and one of areas I have to find information on is how much and what type of taxes come out of a Texas teachers paycheck making 38,000 a year. If any one could help me out soon I would greatly appreciate it.Thanks :)
There is no TX state income tax, which is a good thing!
Fed income tax of around 15%
Social security tax: 6.4%
Medicare: 1.45%
So total taxes of around 22.8%. In addition you may have deductions taken out for things such as employee's portion of medical & dental insurance, any retirement plan contributoins, and perhaps union dues.
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