Where $15 an hour goes in Mississippi
| 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% |
| Mississippi income tax | $516 | $43 | $0.25 | 1.7% |
| Estimated take-home | $26,733 | $2,228 | $12.85 | 85.7% |
Across 2,080 paid hours a year at 40 hours a week. State income tax only — local and municipal taxes are excluded.
