Including Minnesota's 6.0% state income tax
| Gross Salary | $120,000 |
| Federal Income Tax | −$18,047 |
| Social Security (6.2%) | −$7,440 |
| Medicare (1.45%) | −$1,740 |
| Minnesota State Tax (6.0%) | −$7,200 |
| Take-Home Pay | $85,573 |
On a $120,000 salary in Minnesota, you can expect to take home approximately $85,573 per year, or about $7,131 per month. Your effective total tax rate is 28.7%.