March 2014 Tax Report

Here are the numbers for March, as well as year-to-date totals.  All amounts are rounded to the nearest dollar, so the numbers might not appear to add up perfectly.

March:

Gross Income: $4012
Fed Tax: $283
SS Tax: $242
Med Tax: $57
State Tax: $160
Health Care: $4*
Sales Tax:$43
Gas Tax:$8
Beer Tax:$1

Total Taxes:$797
Percentage: 19.9%

Year to date:

Gross Income: $17458
Fed Tax: $1116
SS Tax: $1062
Med Tax: $248
State Tax: $357
Health Care: $14*
Sales Tax:$175
Car Tax:$158
Gas Tax:$23
Beer Tax:$1

Total Taxes:$3153
Percentage: 18.1%

* I include this because in years past, FaucetCompany paid 100% of the premium for individual medical insurance.  During the open enrollment meetings for 2014, we were told that employer plans would be assessed certain fees mandated by zer0care. The decision was made to have employees share part of the cost of these fees. The amount listed above is my “share” of the fees.
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