Salary Calculator Wisconsin
This Salary Calculator Wisconsin helps Wisconsin residents estimate their net income after federal and state taxes, FICA contributions, and other deductions. It provides accurate paycheck calculations based on Wisconsin tax laws.
Calculation Results:
Federal Tax: $
State Tax: $
FICA: $
Net Salary: $
FAQ 1: What tax rates does Wisconsin use?
Wisconsin uses progressive tax rates from 3.54% to 7.65% based on income brackets. Federal taxes follow IRS brackets while FICA includes 6.2% Social Security and 1.45% Medicare taxes.
FAQ 2: Is the calculator accurate for bonuses?
This calculator estimates regular wages. Bonuses may have different withholding rates (22% federal flat rate). Consult a tax professional for complex compensation structures.
FAQ 3: Does it include local taxes?
Wisconsin has no local income taxes. The calculator only considers state and federal taxes plus FICA contributions.
FAQ 4: How current are the tax rates?
We update rates annually, but always verify with Wisconsin DOR for recent changes. Current calculations use 2023 tax brackets.
FAQ 5: Can I use this for contract work?
This calculator is for W-2 employees. Contractors should account for self-employment taxes (15.3%) and different deductions.