Florida Salary Paycheck Calculator
Florida Salary Paycheck Calculator helps Florida residents estimate their net pay after federal taxes and FICA deductions. It considers federal income tax brackets, Social Security (6.2%), and Medicare (1.45%) deductions, while accounting for Florida's no state income tax policy.
Frequently Asked Questions
1. Does Florida have state income tax?
No, Florida doesn't impose state income tax, which means your paycheck won't have state tax deductions. However, federal taxes and FICA (Social Security and Medicare) deductions still apply to Florida residents.
2. How is federal tax calculated in Florida?
Federal tax uses progressive brackets. For 2023, rates range from 10% to 37%. The calculator applies the standard deduction ($13,850 single/$27,700 married) and calculates tax based on remaining taxable income using IRS brackets.
3. What is FICA deduction?
FICA includes Social Security (6.2%) and Medicare (1.45%) taxes. Employees pay 7.65% total, matched by employers. Self-employed individuals pay both portions (15.3%). This calculator deducts the employee's share.