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  • KNWA & FOX24 - Northwest Arkansas & River Valley News

    What does a $100K salary look like after taxes in Arkansas?

    By Kyler SwaimJoey Schneider,

    3 days ago

    https://img.particlenews.com/image.php?url=3Spg4H_0v2ImlCQ00

    FAYETTEVILLE, Ark. ( KNWA/KFTA / KTVI ) — A six-figure salary is widely considered a standard of comfortable living in most states, but after taxes, the amount that hits your bank account can vary significantly.

    The Next Gen Business , a digital finance education platform, has shared a series of videos on TikTok addressing what a $100,000 salary looks like in several U.S. states after taxes. In some cases, workers will take home tens of thousands less than their gross income.

    For most taxpayers, SmartAsset’s Income Tax Calculator offers an idea of what taxes will look like based on your salary and home state. Many of these same variables are considered in Next Gen Business’s calculations.

    Are Arkansas shoppers legally required to stop for receipt checkers at store exits?

    In Arkansas, what does a $100,000 salary look like after taxes? Here’s what Next Gen Business discovered…

    Arkansas

    In Arkansas, all taxpayers are responsible for federal income, FICA and state income taxes. That’s what is owed before accounting for any municipal income taxes.

    Next Gen Business offered the following breakdown.

    • Your hypothetical salary is $100,000.
    • The federal tax owed is $15,009.
    • The FICA tax owed is $7,650.
    • The state income tax owed is $4,814.
    • The combined taxes owed (federal, FICA and state income) is $27,473.

    Your net income, salary minus the taxes owed, is $72,527 .

    Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to KNWA FOX24.

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