Only 65% of gross income take home?

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Only 65% of gross income take home?

05-12-2010, 07:16 PM

#10

mikejet

Banned

Member since:Sep 2008

Location:Los Angeles, CA

Blu-ray reviews:5

Trading Score:29

Quote:

Originally Posted by Ricshoe

I looked at mine:

Fed/State/Local Tax: 12.50%
FICA/Medicare Tax: 7.05%
Benefits Costs: 4.87%

Other deductions (paying myself)
Flexible spending: 3.90%
401K: 7.00%

Add it up, and I'm only bringing home 65% of my gross, also.

I was going to get a FSA but since my wife and I use Kaiser I didn't see a need for it.

Does your FSA allow the balance to roll over into the next year?

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