Total tax paid
$ 7,713
Did you know your employer also pays tax on your salary? It costs the employer $ 3,857 to pay you $ 88,200. In other words, every time you spend $ 10 of your hard-earned money, $ 0.87 goes to the government.
Real tax rate
8.4%
So, with you and the employer both paying tax, what used to be a 4.4% tax rate now rises to 8.4%, meaning your real tax rate is actually 4% higher than what it seemed at first.