Free Paycheck Calculator Michigan 100% Free
Michigan Pay Information
Michigan Pay Guidelines
- Minimum wage: $10.33 per hour (2024)
- Overtime rate: 1.5x regular rate after 40 hours
- Pay periods: Weekly, bi-weekly, or monthly
- Payday must be within 14 days of work period
Michigan Tax Rates 2024
State Income Tax
4.25%
Local Income Tax
0% – 2.4%
Social Security
6.2%
Medicare
1.45%
Example Calculation
For a salary of $60,000 per year:
Annual Salary
$60,000.00
State Tax (4.25%)
$2,550.00
FICA (7.65%)
$4,590.00
Annual Net (approx.)
$45,000.00