Correction from the last post, don't calculate FICA tax on the $55k, calculate it on the $75K gross. This mistake would likely net to the same result though as not using a graduated tax table, so the result would likely be about the same.

EDIT:

Here's a more exact calculation

Gross 76,168

Exemptions/Standard (20,000)

Taxable 56,168

Fed Taxes 7,533 15.00% Marginal

State Taxes 2,808 5.00%

Fica Taxes 5,827 7.65%

Net 60,000

So with a 5% state tax the answer is **$76,168**