we start to delve into your paycheck. The average salary in North Carolina straight out of a bachelors degree is $43,875 (your starting salary out of college can be higher or lower, we will just use this number for our project). North Carolina has about a 22% income tax, including all federal and state taxes. In addition, most employers require you to take medical insurance, 401(k), disability, etc., out of your paycheck before it is taxed. As a result, most people bring home a net of approximately 66.67% of their pay. 1.) Find the monthly gross income corresponding to your yearly salary . (*For 1 point future calculations, you will be basing many of your decisions on the monthly net income.)