May Tax Report

Here are the numbers for May, 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.

May:

Gross Income: $4822
Fed Tax: $325
SS Tax: $291
Med Tax: $68
State Tax: $178
Health Care: $4*
Sales Tax:$208
Gas Tax:$23
Other:$28

Total Taxes:$1125
Percentage: 23.3%

Year to date:

Gross Income: $25547
Fed Tax: $1611
SS Tax: $1549
Med Tax: $362
State Tax: $651
Health Care: $22*
Sales Tax:$422
Car Tax:$158
Gas Tax:$53
Other:$28

Total Taxes:$4869
Percentage: 19.1%

* 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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