Where $15 an hour goes in Alaska
| Category | Annual | Monthly | Per hour | Share of gross |
|---|---|---|---|---|
| Gross pay | $31,200 | $2,600 | $15.00 | 100% |
| Federal income tax | $1,564 | $130 | $0.75 | 5% |
| Social Security | $1,934 | $161 | $0.93 | 6.2% |
| Medicare | $452 | $38 | $0.22 | 1.5% |
| Alaska payroll assessments | $156 | $13 | $0.08 | 0.5% |
| Estimated take-home | $27,093 | $2,258 | $13.03 | 86.8% |
Across 2,080 paid hours a year at 40 hours a week. State income tax only — local and municipal taxes are excluded.
