Where $15 an hour goes in California
| 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% |
| California income tax | $246 | $21 | $0.12 | 0.8% |
| California payroll assessments | $406 | $34 | $0.20 | 1.3% |
| Estimated take-home | $26,598 | $2,216 | $12.79 | 85.2% |
Across 2,080 paid hours a year at 40 hours a week. State income tax only — local and municipal taxes are excluded.
