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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29798
Experience:  Taxes, Immigration, Labor Relations
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I'm a Canadian citizen who's been been offered a job in New

Customer Question

I'm a Canadian citizen who's been been offered a job in New Jersey. Salary is 100k\yr.
I need to know what my net pay will be.
I will be coming into the country on an L-visa with my wife and 2 children (ages 1 and 3).
Submitted: 2 years ago.
Category: Tax
Expert:  Lev replied 2 years ago.

First of all - after moving to the US - you will be a resident alien - and will be taxed the same way as other US persons.
You will be taxed on all your worldwide income.

You will file the tax return every year - and will calculate your actual tax liability.
Meanwhile - your employer will withhold income taxes form each paycheck.

Withholding is not your actual tax liability - and on your tax return income tax withheld will be credited toward your tax liability - so if you will be able to claim large deductions - and withholding is more than your actual tax liability - you will claim a refund.

Your employer will withhold based on how you file W4 form.

Generally - if your spouse doesn't work - you will file as married and will claim TWO allowances for yourself, TWO for your spouse and ONE for each child - total SIX allowances.
In this case with $100k gross annual wages - your bi-weekly paycheck should look as

Bi-weekly Gross $3,846
Federal Income Tax Withholding $353
Social Security $238
Medicare $56
New Jersey Income Tax Withholding $164
SUI $16.35
FLI $3.46
SDI $9.62
Net Pay $3,006

Expert:  Lev replied 2 years ago.
If you are looking for annual numbers
Annual Gross Pay $100,000
Federal Income Tax Withholding $9,188
Social Security $6,200
Medicare $1,450
New Jersey Income Tax Withholding $4,260
SUI $136
FLI $28.80
SDI $80
Net Pay $78,657
.
That will be very close to your actual tax liability when you will file your tax return.
However - there are some manageable factors which could reduce your tax liability:
- if you itemize - instead of using standard deduction - your taxable income will be less and your refund will be larger.
- for most taxpayers - they itemize when they own the home and deduct mortgage interest and real estate taxes.
- you may make retirement plan contribution and exclude that amount from taxable income.
- etc.
Let me know if you need any clarification.