2007-03-15 05:53:42 · 5 answers · asked by need 1 in Business & Finance ➔ Taxes ➔ United States
Probably not. However, without knowing ALL of your financial details and your employment benefits situation it's impossible to say so with certainty.
2007-03-15 06:08:04 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
There are several variables that will change the amount that your employer deducts - including how many exemptions you claimed on your W-4, whether you are paying state tax and how much they deduct for benefits (retirement, health insurance, employee parking, other fees your company may charge). You can at least determine the amount of federal and state witholding they should be removing from your paycheck by checking out the calculator at: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp.
2007-03-15 06:03:59 · answer #2 · answered by nancydrew_md 1 · 0⤊ 0⤋
Depends on what you are claiming. The higher you gross it puts you in the higher tax bracket. Check with your payroll department to see if you can change your W-4. Also check with your tax accountant and ask them for advise as to what you should be claiming.
2007-03-15 06:02:57 · answer #3 · answered by Feline05 5 · 0⤊ 0⤋
Taxes are mandated. And if it is too much then you'll get any extra back when you file. How much are the benefits?
2007-03-15 06:01:43 · answer #4 · answered by Dusie 6 · 0⤊ 0⤋
Everyone is overtaxed. By the way,NEVER tell anyone how much money you have!
2007-03-15 06:02:09 · answer #5 · answered by surffsav 5 · 0⤊ 1⤋