Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$21,002
Federal Income Tax
- $812
Social Security
- $1,302
Medicare
- $305
Total tax
- $2,419
Net pay
* $18,583
Marginal tax rate
18.4%
Average tax rate
11.5%
88.5%
Net pay
11.5%
Total tax
Total tax
Net pay
Summary
If you make $21,002 a year living in the region of Texas, USA, you will be taxed $2,419. That means that your net pay will be $18,583 per year, or $1,549 per month. Your average tax rate is 11.5% and your marginal tax rate is 18.4%. 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 $18.36, hence, your net pay will only increase by $81.64.
Bonus Example
A $1,000 bonus will generate an extra $816 of net incomes. A $5,000 bonus will generate an extra $4,082 of net incomes.
NOTE* Withholding is calculated based on the Texas 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.