2007-03-13 12:44:30 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The amount withheld (which is usually not the amount you actually owe) is determined by the amount of your pay, how often you are paid, and what you claimed on your W-4. The percentage ranges from 0% up to 35%. The IRS publication linked below includes withholding tables. They should allow you to determine how much your employer should withhold. If your state has an income tax, the state should have similar tables available. Social Security and Medicare are also withheld at a total rate of 7.65%.
2007-03-13 14:21:08 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Amount of taxes taken out x
--------------------------------------- = --------
Amount of total paycheck 100
x = tax %
2007-03-13 19:48:47 · answer #2 · answered by Charlie L 2 · 0⤊ 0⤋