if i make 32k a year and have 2 allowances on my federal taxes, about how much will my take home pay be?

Answer 1

Too many variables to say. Go here for some handy estimators: http://www.paycheckcity.com

Answer 2

seems top to me too. (apart from the area approximately "no longer withholding any federal taxes"--you are able to no longer legally declare exempt on the W-4 and in case you owe greater effective than $one thousand once you record, you would be hit with an 8% expected tax penalty for no longer paying in for the duration of the 300 and sixty 5 days.) however, are you getting paid month-to-month or biweekly? i admire biweekly pay schedules, partly because of the fact the 1st time I have been given on one, my boss appeared me in the attention and pronounced, you have to be taught to outlive 2 paychecks a month. February is a quick month. you will nevertheless owe all your lease. I took the hint and deserted my month-to-month budget and changed to 2 paychecks. It replaced into no longer consumer-friendly, yet whilst paycheck #13 and #26 confirmed up (very definitely around the my summer season trip and yuletide) it replaced into like got here across funds. Edit, Mark, she's interior of $10 of the surely federal tax bill. no one is had to get a refund.

Answer 3

You can always count of 7.65% of your pay going to FICA taxes. You left out your pay frequency, but you can look up how much federal tax will be withheld based on the pay frequency and number of exemptions claimed in Circular E from the IRS online at www.irs.gov, at your library, or ask your payroll department if you can see their copy. You also didn't mention if you live in a state with state income tax, which also would make a big difference.