if i claim a "1" on my W-4 and no extra with holding, then what percentage is withheld from my pay???

3 ⤊

if i claim a "1" on my W-4 and no extra with holding, then what percentage is withheld from my pay???

i guess i'm just not sure about how the federal witholding works??

2006-12-12 02:57:06 · 4 answers · asked by joey322 6 in Business & Finance ➔ Taxes ➔ United States

4 answers

It depends on your salary what pay bracket you fall into.

Here is the link to the IRS Witholding Calculator. Hope it helps.

2006-12-12 03:11:07 · answer #1 · answered by Usual 3 · 2⤊ 0⤋

Withholding isn't a straight line percentage. For IRS explaination and an online withholding calculator, go to http://www.irs.gov/individuals/article/0,,id=96196,00.html

Best wishes.

2006-12-12 16:16:58 · answer #2 · answered by JQT 6 · 1⤊ 0⤋

roughly 15-18%

2006-12-12 11:00:15 · answer #3 · answered by Anonymous · 0⤊ 1⤋

I think it is in the 23% range.

2006-12-12 11:00:25 · answer #4 · answered by Teesip 2 · 0⤊ 1⤋