what is the highest amount of taxes that should be taken out pf a two week paycheck ex. $2800.00 earned?

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what is the highest amount of taxes that should be taken out pf a two week paycheck ex. $2800.00 earned?

2007-02-03 14:15:31 · 3 answers · asked by michael m 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Including Federal, state, local, SS, and Medicare?

That's a 25% federal tax bracket...but very close to 28%, which starts at $2817 bimonthly....but including all the other taxes as well, it can push 50%, sad to say...

(depends what state and locality you live in, and how you filled out your W4)

2007-02-03 14:20:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋

It would probably be about $300 for federal income taxes. You can find a withholding calculator on IRS.gov to let you know if the right amont is being withheld.

2007-02-03 22:23:31 · answer #2 · answered by VATreasures 6 · 0⤊ 1⤋

That depends upon your W4. Can't tell from the information provided.

2007-02-03 22:32:10 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋