How to Calculate Paycheck After Taxes in NJ
Understanding Your NJ Paycheck
Step 1: Know Your Pay Frequency
- Weekly (52 paychecks per year)
- Bi-Weekly (26 paychecks per year)
- Semi-Monthly (24 paychecks per year)
- Monthly (12 paychecks per year)
Paycheck Deductions in NJ
| Deduction Type | Rate |
|---|---|
| Federal Income Tax | Progressive (10-37%) |
| NJ State Tax | Progressive (1.4-10.75%) |
| Social Security | 6.2% |
| Medicare | 1.45% |
Example Paycheck Calculation
For an annual salary of $60,000 paid bi-weekly:
- Gross Pay per Check: $2,307.69
- Federal Tax: $508.69
- NJ State Tax: $127.50
- Social Security: $143.08
- Medicare: $33.46
- Net Pay per Check: $1,494.96