How much money will they take out in taxes?

Question

I am a single male with no dependents. I make $9 an hour or $360 per pay check. I get paid weekly.

Answer 1

That depends on what you claimedon your W-4...

But I would guess about 20 percent if you files single with 0 dependents.

Circular E says....

$14.10 plus 15% over 192
so that is $29.20 in Fed tax...
plus 15.3% for FICA and medicare
so $55.08 and that totals 84.28 for federal taxes, so 23.41 percent, and then whatever they take out for state and local taxes.

Answer 2

Okay, this is what you need to do, and don't worry, it is TOTALLY, 100% LEGAL.

Because you make so little money an hour, you are automatically only taxed at 16%. You can legally take up to nine deductions on your W4 for federal tax and not be penalized by the IRS. You will have to pay taxes at the end of the year, but given that your yearly salary is so low, minus your standard deduction, your burden won't be that great.

You can also figure out what your yearly tax would be; i.e., yearly salary + 16% = whatever your tax burden is, minus your standard deduction = your tax burden. Let's just say that leaves you with a tax burden of $500 in federal taxes. You can then divide this amount into 26 payments and have THAT amount taken out in taxes, instead of filing S1, and then for the next six months, you pay no taxes, but your tax burden is already paid.

You may also be qualified for the earned income tax credit, and if so, you can pay even less in federal taxes legally and still get a refund at the end of the year.

I hope this helps.

Answer 3

Yes, depends on what you put down on your W-4. As a single man you'd probably be better off just claiming (1) for yourself or if you want Uncle Sam to hold more of your money back so you get more back when you file taxes you can claim 0 and even add money if you want to. Your salary isn't that high so you won't be in a large tax bracket, but you don't have any dependents to claim. You probably don't itemize either. There's a chart you can use to figure this out but I don't have mine here at home. Perhaps you could try www.IRS.gov.

Answer 4

FICA taxes are social security and medicare.Please disregard the 15.3% for FICA. You only pay half of that, your employer pays the other half. You will owe 6.2% for social security and 1.45% for Medicare. Fed tax will be $29.20. I don't know what state youre in so thats up to you, my guess is around 12-18 bucks. Vote for me if I get this spot on (which I will).

Answer 5

About 1/3 of your check

Answer 6

depending on state and location roughly 20% ie 70 dollars

Answer 7

Count on losing about a third, depending on how many dependents you put on your w-2 forms when you hired on.

Answer 8

Chuck Norris is his own line at the DMV.