I'm 17, single and for some reason I ended up paying more to social security that federal income tax.
federal - 430.33
ss - 594.46
medicare - 139
i made $9587.62 last year if thats important
2007-02-11 09:19:04 · 4 answers · asked by people suck 6 in Business & Finance ➔ Taxes ➔ United States
Yes that is possible, depending on how you filled in your W4, If you claimed single with 1 or more they are taking less Federal withholding, Social Security taxes are taken out at a flat rate regardless of what you claimed on the W4
2007-02-11 09:23:51 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Yes, it's very normal for people without a lot of income. Social security is a fixed percentage, but federal income taxes are progressive which means the lowest amount doesn't get taxed at all, and then the rate goes up the more you make.
2007-02-11 09:56:11 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Totally normal if you have low withholding. For example, if they withhold at a 5% rate, federal will be lower because SS is 6.2%
2007-02-11 09:25:04 · answer #3 · answered by Dizney 5 · 0⤊ 1⤋
Yes it's possible.
2007-02-11 09:27:09 · answer #4 · answered by Anonymous · 0⤊ 2⤋