What percentage of each should be taking out of a check whose gross pay is $195.00?
Federal: ?
Social Sec: ?
Medicare: ?
CA State Income: ?
FICA: ?
I live in California.
Thanks so much!
2007-03-23 20:18:23 · 4 answers · asked by Miss. Tee98 4 in Business & Finance ➔ Taxes ➔ United States
Federal: Refer to Circular E (irs.gov)
Social Security: 195.00 x 6.2% = 12.09
Medicare: 195.00 x 1.45% = 2.83
CA: Refer to Calif Circular E
FICA: Never heard of it.
Oops - Do you mean the "Federal Insurance Contribution Act".
2007-03-24 06:11:41 · answer #1 · answered by bold4bs 4 · 0⤊ 0⤋
Social Security (FICA) is 6.2% and Medicare is 1.45% of your gross pay. The federal and state withholding depend on how you filled out your W-4 and DE-4 forms.
Use the paycheck calculator link below to fill in other necessary information and calculate your withholdings.
http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp
2007-03-24 03:26:54 · answer #2 · answered by tma 6 · 2⤊ 0⤋
is the check for daily work
weekly
bi weekly
semi monthly (1st and 15th)
monthly
all depends
2007-03-24 03:21:32 · answer #3 · answered by tom4bucs 7 · 0⤊ 0⤋
It depends on what you are claiming, are you claiming yourself? 0? -0? -0 plus minuse $5? they are many varibles.....
2007-03-24 08:59:22 · answer #4 · answered by rottie_mama1969 3 · 0⤊ 0⤋