If you manage a small to medium sized business, Time Clock Wizard has just the tool that you need to prevent inaccuracies, delays, and payroll disputes. Our Massachusetts salary paycheck calculator has been rigorously tested to solve problems exactly like these. Start using it right away to decrease your company’s collective stress and get back to the business of doing business.
Want a little more information before you get started? Here are a few of the questions we hear about our Massachusetts salary calculator most often:
- Do Massachusetts residents pay a state income tax on their personal earnings?
Massachusetts imposes a 5% flat income tax rate for all personal earnings.
- What is the minimum wage rate in Massachusetts?
Massachusetts has a minimum wage rate of $12.75/hr. This represents one of the highest rates in the entire country.
- How does Massachusetts tax capital gains?
The state of Massachusetts taxes capital gains just as they tax regular income: at a flat rate of 5%.