June Tax Report

Here are the numbers for June, 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.

June:

Gross Income: $3274
Fed Tax: $173
SS Tax: $197
Med Tax: $46
State Tax: $117
Health Care: $4*
Sales Tax:$54
Gas Tax:$7
Other:$109

Total Taxes:$770
Percentage: 23.5%

Year to date:

Gross Income: $28821
Fed Tax: $1784
SS Tax: $1746
Med Tax: $408
State Tax: $768
Health Care: $26*
Sales Tax:$476
Car/Real Estate Tax:$220
Gas Tax:$60
Other:$149

Total Taxes:$5639
Percentage: 19.6%

* 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.