What is a Georgia Paycheck Calculator?
A Georgia paycheck calculator, as the name suggests, is a specific paystub maker for the state. It helps budding entrepreneurs, large business setups & self-employed individuals to create paychecks and get sorted with tax season too. This smartly designed Georgia paystub generator is used for calculating wages (using Georgia Hourly Paycheck Calculator) and salary checks (with Georgia Salary Paycheck Calculator) at budgetary prices. And the user need not have any accounting knowledge for accessing this calculator as everything is automated. It takes a few basic details and the rest of the calculations will be made using the paycheck calculator itself.
Similarly, it is easy to deal with taxes as this pay stub maker offers impeccable accuracy in FICA, state & federal tax rates. By entering the gross pay amount, net pay and every desired payroll calculation is made precisely.
Overview of Georgia Taxes
The state known for its peaches & southern hospitality has a progressive tax system. The tax rates here are divided into six tax brackets. 1.0% is the lowest rate whereas 5.75% is the highest rate in Georgia.
People making more money will be paying more state and federal taxes in Georgia.
Georgians are free from paying local income taxes.
FICA deductions will be made from employee paychecks with 1.45% deducted towards Medicare and 6.2% for Social Security taxes.
Employers will add the same amounts deducted from paychecks and file a total of 2.9% and 12.4% towards annual income tax to the IRS.
Employees making more than $200,000 will pay a 0.9% Medicare surtax and it will not be matched by the employer.
Tips for Employees
The w-4 Form is the only way employees can maximize savings. In other words, have more savings in the form of pre-tax contributions so that your taxable income gets low.
Submit a new W-4 Form whenever you start a new job or have any big life updates. For instance, if you get married, divorced, have dependents, or changing your tax-filing status, fill out a new W-4 Form and update your employer with the same.
It seems you’re interested in an online Georgia payroll calculator. Why don’t you get started now with our best & affordable paystub maker for just $5.99 per stub?
Create your stub now
Georgia Paycheck Calculator