2006-12-18 07:55:34 · 7 answers · asked by Kyle S 1 in Business & Finance ➔ Taxes ➔ United States
They keep 22% for taxes.
2006-12-18 08:03:02 · answer #1 · answered by sftbllr4lf 3 · 0⤊ 2⤋
Your in Ohio aren't you. As of Jan 1, 2007, the state minimum is $6.85. That comes to $14248.00 annually for 40 hr/wk.
Social Security @7.65% = $1090
Federal Withholding (Assuming Single and 1 Allowance on W-4) = $858. That leaves $12300/yr or $236.54/wk.
State taxes depend on your state and other deduction, such as insurance, etc require information not given.
2006-12-18 13:41:47 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Wow your minimum wage is $6.85. Down here, ours is only $5.15. Must be nice.
2006-12-18 08:03:54 · answer #3 · answered by Natalie C 2 · 0⤊ 0⤋
Really your minimum wage is 6.85, where are you at? Where i'm at it's at least 7.25 or sometimes 7.50.
2006-12-18 08:05:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Depends on your dependents (W-4) but a good average to plan on is roughly 2/3 to 3/4 of gross ends up being take home.....
2006-12-18 08:04:00 · answer #5 · answered by Poopy 6 · 0⤊ 2⤋
I always subtract 20-25%.
That usually covers everything.
Or, go here:http://www.dol.gov/esa/minwage/america.htm
...you just might find your answer
.pEace.
2006-12-18 08:05:16 · answer #6 · answered by ...Tell Me 2 · 0⤊ 2⤋
$5.13 would be a good guess (depends on how you filled out your W4 for withholdings)
$5.13 is 75%
2006-12-18 07:58:01 · answer #7 · answered by Emily B 4 · 1⤊ 2⤋