SOUTH DAKOTA

REAL WAGE

CALCULATOR
INFORMATION

AFTER TAX WAGES

After tax wages is the gross annual wage less the total of federal income tax, state income tax, and social security/FICA tax.

REAL WAGE/PURCHASING POWER

Real wage/purchasing power is calculated by dividing after tax wages by the local cost of living index.

TAX INFORMATION

Federal Income Taxes are calculated using the new 2018 federal tax laws and rates.

FICA taxes (Social Security and Medicare) are calculated using 2018 laws and rates.

State income taxes are calculated using 2017 state tax laws and rates. The real wage calculator will be updated for 2018 state income tax laws and rates in 2019 once all states have finished making changes to their 2018 state tax laws and rates.

All federal and state income tax calculations assume single filing status, standard deduction, and no additional dependents.

No local income taxes are calculated, the following have local income taxes: AL, AR, CO, DE, IA, IN, KY, MD, MI, MO, NY, OH, OR, PA, & DC The tax calculations were prepared by a leading public accounting firm.

COST OF LIVING INDEX

The calculator uses regional price parities for the cost of living index. The regional price parties are produced by the United States Bureau of Economic Analysis.

Regional price parities are for 2016, the 2017 regional price parities will become available in the summer of 2019.

The Real Wage Calculator will be updated for 2018 tax changes and cost of living in 2019.

This calculator is for educational purposes only. It should not be construed as financial or investment advice. Personal data is not stored or shared through this website.