Our hourly paycheck calculator software is engineer tested for accuracy each time you use it. It also uses a constantly updated tax engine/database to ensure proper tax withholding and make the calculator even easier to use. All in all, you can count on our paycheck calculators to eliminate the stress and lost time that used to accompany your payroll process.
Here are three of the most frequently-asked-questions about our hourly paycheck calculator and South Carolina income taxes:
- Does South Carolina collect state income taxes on personal earnings?
Yes and no. Depending on their individual tax bracket, South Carolina residents pay between 0% and 7% in state income taxes.
- How does the capital gains income tax work in South Carolina?
Investors only have to pay income tax on 56% of their capital gains income. The other 44% is exempt.
- How much is minimum wage in South Carolina?
South Carolina follows the federal minimum wage rate of $7.25/hr.