North Carolina Paycheck Calculator

North Carolina Paycheck Calculator

In North Carolina, a flat income tax rate of 4.75% is applied uniformly to all taxpayers, regardless of their taxable income or filing status. This approach streamlines the state tax filing process, as individuals will consistently pay the same rate even if their earnings change. Notably, no local income taxes are imposed by any cities within North Carolina.

How North Carolina Paycheck Tax Calculator Works?

Upon receiving your payment in North Carolina, you will observe that a portion of your wages has been deducted for FICA, federal, and state income taxes. FICA, or the Federal Insurance Contributions Act, is a federal payroll tax that both employees and employers pay.

This tax encompasses both Social Security and Medicare taxes. Social Security tax is calculated at 6.2% of your salary, while Medicare tax is calculated at 1.45%.

If your filing status is single, head of household, or qualifying widow(er), any wages exceeding $200,000 are subject to an additional Medicare surtax of 0.9%. For married individuals who file jointly, this surtax is applied to wages above $250,000. For married couples filing separately, the surtax applies to wages exceeding $125,000. It is important to note that employers do not match Medicare surtax payments.

Important Note: The Stubcreator provides a paycheck calculator designed to provide essential guidance. This should not be relied upon to calculate exact taxes, payroll, or other financial data. You should seek a professional accountant regarding any particular requirement.

North Carolina Net Pay Calculator

When earning a gross pay of $60,000.00 per year in North Carolina, your net pay, or take-home pay, will amount to $47,120 after tax deductions of 21.47%, equivalent to $12,880.50. These deductions encompass 9.07% ($5,440.50) for federal income tax, 4.75% ($2,850.00) for state income tax, 6.20% ($3,720.00) for social security tax, and 1.45% ($870.00) for Medicare.

North Carolina Paycheck Generator

Below mentioned are the details of North Carolina:

• North Carolina payroll taxes commence when employees complete the Employee’s Withholding Allowance Certificate (NC-4EZ). This data aids in calculating the appropriate amount to be withheld.
• If this form is not completed by an employee, you will need to withhold tax as if no exemptions were claimed.
• The personal income tax rate in North Carolina stands at 4.75%.