is ther eanyway to figure the percentage of taxes they are going to take out of a paycheck?

Question

i just recently got a pay raise and i am going from, being paid weekly to semi monthly...before i the change they were taking right about 16.5%...it there anyway to know waht the %age is going to be beofre i get my first check with the raise
( i will get the 1st check thursday but i need to budget out for next month...school clothes /shoes/supplies for kids and rent ...you know all that fun stuff)
thanks in advance for any help y'all can give!

Answer 1

I don't know what state you're writing from, so I have no way of knowing what your state rate is. Also, I'd need to know how much of a pay increase you received. If we're just talking about 50 cents an hour on a 40 hour work week, your percentage withheld might go up slightly, to maybe 18% top end. If you received a huge raise (I hope you did!), then you may have pushed yourself into a different tax bracket. Maybe you can edit your question and give us a few more details-better yet, delete this question and resubmit with more specific numbers.

Answer 2

Of course depending upon the state you live in will determine what % of taxes withheld. Go to your state's web page and you can get the withholding tax percentages for weekly, bi-weekly, etc. wages. I usually count on 23% tax withholding - federal, state, local, etc. on a weekly pay basis here in Ohio.

Answer 3

Check out the website www.paycheck.com - As a bookkeeper I find it very helpful and I don't have to wait for my accountant to call be back.

Answer 4

I always figured about 25%

Answer 5

There's a quick way to figure it out.
A.) How much did you make?
B.) Send it in.

Answer 6

7.65% of the gross for social security and roughly 10-15% for fed tax....state, local, city, i wouldnt know...depends on where you live...you can work it backwards by looking at your last paystub though

Answer 7

Call your payroll department and ask.