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I will assume you are paid weekly. $38,000 per year is $730.77 per week. Per the 2009 Circular E, the federal income tax withholding will be $72.00 (wage bracket method) or $71.16 (percentage method). Social Security withholding is 6.2%, or $45.31. Medicare withholding is 1.45%, or $10.60. I have no idea what, if any, state or local income taxes you have, so your net weekly paycheck will be approximately $603.70 less any state and/or income tax withholding.

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16y ago

What else can I help you with?