On my W4 tax form, if i write Single with 0 dependents, what percent of my paycheck will be taxed? (I'm living in California)
2007-01-10 04:18:26 · 6 answers · asked by Dan 1 in Business & Finance ➔ Taxes ➔ United States
You can use this online paycheck calculator to find your take home pay. http://www.payroll-taxes.com/calculators.htm
If you want to find out more about how the number of withholding allowance on W4 affects your federal income tax withhold, you can read more in this IRS publication. http://www.irs.gov/pub/irs-pdf/n1036.pdf
Best wishes.
2007-01-10 04:38:17 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
i'm no specialist on taxes, yet i understand what that time-honored practitioner informed you is misguided. the total element of the W-2 kind is to inform the agency how a lot you want withheld. Your agency somewhat needs to employ a payroll agency to take care of that component to the corporate and get it precise. Employers shrink to rubble worker's withholdings, or blatantly push aside the teachings, each and each and every of the time. for example i have back and back requested my spouse's agency to operate a close volume to the withholdings out of each and every paycheck, and 12 months after 12 months they fail to do it. If it truly is somewhat substantial to you, and also you're literally not truly connected to this job, you may favor to guage operating some position else. when you consider that it truly is your agency's first company, i might want to guess solid money this heavily isn't the purely position the position she makes mistakes. honest mistakes definite, yet you nonetheless ought to take care of the consequences.
2016-12-02 02:21:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
All of your income will be taxed. It will be taxed at a rate based on how much money you make minus any deductibles. You have fewer deductibles since you are filing single with 0 dependents.
2007-01-10 04:26:39 · answer #3 · answered by cirestan 6 · 0⤊ 0⤋
Most of the time it's about 20% (including Medicare, SS, Federal and State taxes) . Any amount you pay over your actual tax liability will be refunded to you when you file your tax return.
2007-01-10 04:22:27 · answer #4 · answered by Smart1 3 · 0⤊ 1⤋
Responding to JQT's reply. That is pretty cool!! I didn't know they had a paycheck calculator. It's amazing what you can find on the internet.
2007-01-11 07:32:35 · answer #5 · answered by Anonymous · 0⤊ 1⤋
100% of your income is taxed - regardless of what you put in this category.
The amount of tax withheld changes based on what you put into this category, and that is for FEDERAL tax regulations.
www.IRS.gov for forms & instructions.
The state taxes 100% of income based on your state's taxing laws.
GOD bless.
CPA-retired
2007-01-14 03:52:25 · answer #6 · answered by May I help You? 6 · 0⤊ 0⤋