Assumptions (important):
• The health premium values above are treated as monthly and are deducted per pay period as monthly ÷ 2.
• Federal is a withholding-style estimate. Real withholding depends on Form W-4 details (dependents, extra withholding, etc.).
• Medicare is 1.45% of Medicare wages (additional Medicare surtax not modeled).
*** Estimate assumes 26 pay periods in a year (some years may have 27). Paycheck withholding can differ from calculated estimates.
