| Dental Hygienist: | | | | The tax rate is |
| A dental hygienist is one of the professions that is | | | | 0 |
| highly paid in the united states with a gross salary of | | | | 7825 |
| 62,430 per year, this salary is the mean wage rate for | | | | 10% of the amount over $0 |
| the profession provided by the united state bureau of | | | | 7825 |
| statistics, every other employee is required to pay | | | | 31850 |
| taxes and gross salary minus the taxes give you net | | | | 782.50 plus 15% of the amount over 7,825 |
| salary, the taxes we consider in this profession include | | | | 31850 |
| social security and Medicare taxes, state taxes and | | | | 77100 |
| federal taxes. | | | | 4,386.25 plus 25% of the amount over 31,850 |
| In our calculation of the net salary we will consider the | | | | 77100 |
| federal taxes, state taxes and Medicare and social | | | | 160850 |
| security taxes, we assume that the employee works | | | | 15,698.75 plus 28% of the amount over 77,100 |
| in Arizona State and therefore his state tax will be | | | | 160850 |
| with reference to the Arizona tax rate. For this reason | | | | 349700 |
| this paper will first consider the calculation of individuals | | | | 39,148.75 plus 33% of the amount over 160,850 |
| taxes using the gross salary and therefore we must | | | | 349700to infinity |
| consider the gross salary first and then search for | | | | 101,469.25 plus 35% of the amount over 349,700 |
| appropriate sources of the tax rates that are required | | | | The table above was retrieved this therefore means |
| in the calculation of the net salary. | | | | that our salary lies between 0 and 7825 dollars and for |
| Gross salary: | | | | thi9s reason we assume that the employee is single |
| The mean gross salary of a dental hygienist is 62,430 | | | | and not married because the table above depicts tax |
| per year, this according to the united state bureau of | | | | rate for single persons in the country, given that the |
| statistics because taxes are paid every month we will | | | | tax rate is 10% then we can find the federal tax which |
| have to determine the mean salary per month and this | | | | is calculated by multiplying the income level by the tax |
| will be obtained by dividing the annual mean salary by | | | | rate: |
| the number of months per year which is 12, | | | | 5202.5 X 10% = 520.25 |
| Monthly gross salary = annual gross salary / 12 month | | | | Therefore our federal tax level is equal to 520.25. |
| = 62,430/12 | | | | Net salary: |
| = 5202.5 | | | | Having determined the tax that is included in calculating |
| Medicare and social security taxes: | | | | the net salary we can now determine the net salary, |
| Given the monthly gross salary we are in a position to | | | | the net salary is achieved by subtracting the all taxes |
| calculate the Medicare and social security taxes, this | | | | from the gross salary, in our case therefore the |
| tax level is obtained by multiplying the gross profit by | | | | following will be our calculations: |
| the tax rate which gives us the tax level. | | | | Net salary = gross salary – (Medicare tax + social |
| Tax = gross salary X tax rate | | | | security tax + federal taxes + state tax) |
| The social security tax is 6.2% and the Medicare | | | | This can therefore be simplified in the table below:tax |
| taxes is 1.45% we therefore consider each tax | | | | typeamountfederal |
| separately and this will be as follows: | | | | 520.25state |
| Social security tax: | | | | 185.4691 |
| 6.2% X 5202.5 = 322.555 | | | | Medicare |
| Medicare taxes: | | | | 75.43625social security |
| 1.45% X 5202.5 = 75.43625 | | | | 322.555total tax |
| State tax: | | | | 1103.71035 |
| State tax is also deducted from the gross salary in | | | | We can therefore clearly state that the total tax is |
| order to get the net salary that a dental hygienist | | | | 1103.71 which includes all the taxes considered in the |
| should receive, the state tax for the Arizona state lies | | | | table above, our net salary will therefore be as |
| between 2.59% and 4.54%, for this reason therefore | | | | follows:gross salary |
| we get the mean rate of the Arizona rates, these | | | | 5202.5minustax |
| rates were retrieved the mean rate will be achieved | | | | 1103.71035net salary |
| by adding up the two rates and then dividing the sum | | | | 4098.78965 |
| by two, this will be as follows: | | | | Our net salary in the dental hygiene profession for an |
| 2.59% + 4.54% = 7.13% | | | | average employee is 4098 dollars; this has been |
| 7.13% /2 = 3.565% | | | | obtained by calculating total taxes and then subtracting |
| For this reason therefore we will consider the state | | | | from the gross salary. |
| tax as 3.565% which the mean rate of tax in Arizona. | | | | Assumptions of this calculation are that the dental |
| Given the rate of tax as 3.565% we can find the tax | | | | hygienist salary is 62,430 per annum and therefore to |
| level of a dental hygienist in Arizona and this will be | | | | get the salary per month is given by dividing this |
| given by multiplying the gross monthly salary by the | | | | amount by 12 months. The other assumption made |
| tax rate, therefore our tax level will be achieved as | | | | during calculation is that the person in question who is a |
| follows: | | | | dental hygienist is a single person and not married, the |
| 5202.5 X 3.565% = 185.4691 | | | | other assumption made is that the taxes rates given |
| Therefore our state tax per month is 185.4691. | | | | are monthly tax rates and finally the assumptions is |
| Federal tax: | | | | that only federal taxes, state taxes and Medicare and |
| The federal taxes are determined using a tax table, | | | | social security taxes are relevant in the calculation of |
| our tax table was retrieved and the table below | | | | net salary, this assumption also states that there are |
| shows the tax level at each salary range in the | | | | no tax refunds or compensations such as transport |
| country: | | | | allowances and house allowances provided to the |
| If income is over | | | | dentists. |
| But not over | | | | |