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Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1304
Experience:  MBA, EA, Specializing in Business and Individual Tax Returns and Issues
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How much monthly must I pay an employee in the Anaheim, CA

Resolved Question:

How much monthly must I pay an employee in the Anaheim, CA statistical area for him to be able to take $5K per month home? How much will it cost me?
Submitted: 7 years ago.
Category: Tax
Expert:  Mark D replied 7 years ago.

Without withholding income tax, the employee would roughly need to make $5,800 a month to net $5K (more if income tax withheld). In addition, this would also roughly cost you $800 a month in employer paid payroll taxes. Please let me know if you have further questions.


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