I got paid again yesterday. I’ve never really taken the time to really analyze how much of my paycheck gets withheld for taxes and whatnot. So here’s the breakdown.
Gross Pay $798.22
Federal Income Tax -90.09
$90.09 is roughly 11.29% of my pay. I’m probably overpaying about 1.29% since my marginal tax rate is 10% from the 1st dollar to the 7,550th dollar.
Social Security Tax -49.49
6.2% is my half of the tax. My employer pays the other 6.2%.
Medicare Tax -11.58
1.45% withheld sounds just about right. Same deal as above.
NJ State Income Tax -12.12
I’m being withheld 1.52% here. NJ every dollar of earned income for the bracket $0-$20,000 is taxed at 1.40%.
NJ SUI/SDI Tax -7.39
Just regular state unemployment insurance. 0.93% of my paycheck.
Net Pay $627.55
This is biweekly pay for a part-time job, not for one week’s worth of pay… so don’t think I get paid a lot for my part-timer. 
Now that summer’s over and classes are in full swing, I can probably expect paychecks going forward to be smaller until next summer.
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