Hacker News new | ask | show | jobs
by adventured 3440 days ago
Considerably more - that's surprising. Would you mind breaking out more exact numbers?
1 comments

Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.

Monthly gross income: $10000

Federal tax $1494

Medicare $144

Social Security $616

CA Income Tax $751

CA Disability $89

Pretax deductions:

Medical $56

Dental $5

Vision $2

Monthly take-home amount: $6843 (68.4% of gross)

> Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.

Is that total cost to employer for that employee? Or are there additional expenses that are not considered part of employee gross income but instead fall under "employer pays for them" category?

Yes, there are taxes paid by the employer. I dislike infographics, but the text at the bottom breaks it down also:

https://framework.gusto.com/the-true-cost-to-hire-an-employe...

This sounds right