1. What is the Ontario Salary Tax Calculator?

This calculator estimates your total tax burden in Ontario, California for 2024, including federal income tax, California state tax, and FICA (Social Security and Medicare) contributions.

2. How Does the Calculator Work?

The calculator uses current tax brackets for:

Where:

• Federal Tax - Based on IRS 2024 tax brackets
• California State Tax - Based on California's progressive tax system
• FICA - Social Security (6.2% up to wage base) + Medicare (1.45%)

3. Understanding California Taxes

Details: California has some of the highest state income taxes in the U.S., with a progressive system that ranges from 1% to 13.3% for the highest earners.

4. Using the Calculator

Tips: Enter your gross annual income and select your filing status. The calculator will estimate your tax burden and net income after taxes.

5. Frequently Asked Questions (FAQ)

Q1: Why is it called Ontario if it's for California?
A: This calculator is specifically for Ontario, California (not Ontario, Canada). The city is in San Bernardino County.

Q2: Are local taxes included?
A: No, this calculator doesn't include local taxes which may apply in some California cities.

Q3: How accurate is this calculator?
A: It provides estimates based on standard deductions. For exact calculations, consult a tax professional.

Q4: What about deductions and credits?
A: This calculator uses standard tax rates without accounting for deductions or credits.

Q5: Is this calculator updated for 2024?
A: Yes, it uses 2024 tax brackets and rates.