How are my paycheck taxes calculated?
There are different types of taxes deducted on your paycheck: FICA Tax, Federal Income Withholding Tax, State Income Withholding Tax.
The Federal Insurance Contributions Act (FICA) is the federal law that requires 3 separate taxes withheld from the employee's wages.
- 6.2% Social Security/OASDI Tax
- 1.45% Medicare Tax
- 0.9% Medicare Additional tax when the employee earns over a certain threshold.
Federal and State Income Withholding Tax
Employees are subject to federal income withholding tax and state income withholding tax. Each tax is withheld separately and based on income and the status given on the employee's W-4 and K-4. You can find the further calculation information on our Federal Income Tax page and State of Kansas Income Tax page.