Re:A Visa for founders, engineers and investors willing to j...
by balfirevic on Monday January 16, 2017 @03:14PM
(#13412627)
> Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.
Is that total cost to employer for that employee? Or are there additional expenses that are not considered part of employee gross income but instead fall under "employer pays for them" category?
Re:A Visa for founders, engineers and investors willing to j...
by e28eta on Monday January 16, 2017 @04:42PM
(#13413285)
Yes, there are taxes paid by the employer. I dislike infographics, but the text at the bottom breaks it down also:
https://framework.gusto.com/the-true-cost-to-hire-an-employe...
Monthly gross income: $10000
Federal tax $1494
Medicare $144
Social Security $616
CA Income Tax $751
CA Disability $89
Pretax deductions:
Medical $56
Dental $5
Vision $2
Monthly take-home amount: $6843 (68.4% of gross)