Percentages don't have to be down to the last penny. I'm just curious for a rough estimate. Does the government withhold 15, 20 25% of your wages?
2007-04-17 10:22:00 · 5 answers · asked by hockeyjon04 1 in Business & Finance ➔ Taxes ➔ United States
i think between 28 and 30%.
2007-04-18 13:00:44 · answer #1 · answered by jp_457 3 · 0⤊ 0⤋
It depends on how much you make each paycheck, and what you put on your W-4. If you fill out your W-4 accurately, the amount deducted would about equal your tax liability for the year. So nobody can really give you an answer to your question without more info.
I can say though, that if they're withholding 25% of your wages for federal income tax, you'd have a pretty high salary.
2007-04-17 11:19:14 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
MUCH more information is needed for an accurate answer. The link below includes withholding tables for each filing status. Federal Income tax is withheld at between 10% and 35% AFTER subtracting an amount determined by the number of allowances on your W-4 and how often you are paid.
2007-04-17 12:39:56 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Social Security, 6.2%
Medicare, 1.45%
Then your Federal withholding, which depends on the number of exemptions you claim....
2007-04-17 10:45:33 · answer #4 · answered by morlock825 4 · 0⤊ 0⤋
It depends on how many dependents you claim but it can be anywhere form 28% to 33 %
2007-04-17 10:26:23 · answer #5 · answered by Peaches 2 · 0⤊ 2⤋