22.55%
That is the percentage of total taxes withheld from my bi-weekly paycheck.
10.7% went to Federal Income Tax (FIT)
1.44% went to Medicare
6.2% went to Social Security
2.52% went to New York State Income Tax
1.68% went to Queens City Income Tax
What did my net pay equal to? Zero, practically.
This isn't even the end of it. I won't qualify for medical benefits until 2 months later. And, by then, I'll probably have my deductibles, too.
Aside from that, it was a pleasant surprise that my paycheck arrived in my mail exactly at the end of my first week of employment. =)
