Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,331
Federal Income Tax
- $3,320
State Income Tax
- $2,959
Social Security
- $2,625
Medicare
- $614
FLI (Family Leave Insurance)
- $212
Total tax
- $9,729
Net pay
* $32,602
Marginal tax rate
27.1%
Average tax rate
23.0%
77.0%
Net pay
23.0%
Total tax
Total tax
Net pay
Summary
If you make $42,331 a year living in the region of Connecticut, USA, you will be taxed $9,729. That means that your net pay will be $32,602 per year, or $2,717 per month. Your average tax rate is 23.0% and your marginal tax rate is 27.1%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $27.14, hence, your net pay will only increase by $72.86.
Bonus Example
A $1,000 bonus will generate an extra $729 of net incomes. A $5,000 bonus will generate an extra $3,643 of net incomes.
NOTE* Withholding is calculated based on the Connecticut tables of USA, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.