or what % would they take out? If i make $1950 a month and claim 1 on my tax form when I become employed? Also do you know how much or what % they take out for social security?
Thanks
2007-02-16 07:15:16 · 3 answers · asked by sarah 3 in Business & Finance ➔ Taxes ➔ United States
check out this website - it can give you the answers you need.
http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp
2007-02-16 07:21:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
the fed will take out 8%for social security and for 2% medicare (your employer matches that amount by the way) and it sounds as if you are in the 15% federal tax bracket.
2007-02-16 07:24:21 · answer #2 · answered by fuellover2002 2 · 0⤊ 1⤋
i think all of them combined (fed, state and ssn) would come to 20 - 25% of the gross. Leaves you about 1500 a month to live on.
2007-02-16 07:25:17 · answer #3 · answered by oldsoftee2001 6 · 0⤊ 0⤋
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2007-02-16 07:23:08 · answer #4 · answered by Feras S 1 · 0⤊ 0⤋