2007-03-30 00:43:15 · 3 answers · asked by Staci B 2 in Business & Finance ➔ Taxes ➔ United States
Check out the Online Payroll Guide to learn more about Federal and Texas payroll tax laws. The link is attached. Click on the tools section and follow the links to a free paycheck calculator. Visit the state section to get information re: Texas. Keep in mind Texas does not have income tax, so that's one less headache - but there are others.
2007-04-01 16:13:01 · answer #1 · answered by Dennis D 2 · 0⤊ 0⤋
for sure, as your organization owns the business enterprise, he has a lot extra on the ball than you do relative to payroll and taxes... He could allow you to understand he has a $20,000 pastime and also you may imagine getting 10% of that to be solid pay... properly, it can no longer be so solid both because he bids the pastime depending in part on payroll expenditures and consisting of taxes as well. What precisely are what he calls payroll taxes, you do not say...? There are a number of witholding taxes shown on your pay stub...seem at them and also you may understand... Your organization deducts taxes utilising a chart of salary escalation...earn extra, pay extra...! All payroll taxes blended universal a minimum of 18% and many times are extra depending upon the state and city and county you stay in and an same for the position the business enterprise place of work is... a number of the taxes he now pays 7% as his percentage and also you Pay 7% on your percentage... There are a number of taxes to be paid and all are categorized as a payroll tax... As you look to understand so little, my advice is that you abort this theory as you'll never have get entry to to the actual dollar bid of a gotten smaller pastime to commence with... No organization will provide you those correct figures...that is why he's the boss and also you're the worker...! pay attention...! you may do a lot extra valuable for your self to ask for an advantage percentage for jobs done on time or formerly than envisioned, i'm efficient... save in concepts also that he does the bidding and if he underbids a job he easily won't be able to pay an advantage and also you may probable go residing house with a lot less pay than you do now if only on a 10% salary aspect... do slightly study regionally and ask some acquaintances on your form of contractor artwork and also you may get some sound solutions... solid success...
2016-12-03 00:35:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋
If you're cutting paychecks, get a copy of IRS Pub 15 from the IRS website.
If you just want to see what your take-home pay might be for planning purposes, go to http://www.paycheckcity.com
2007-03-30 00:48:57 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋