I'm now trying to decide if I should split up my bi-weekly hours or combine all 4 weeks for one check because I was told they will take a lot more out for taxes.
2007-05-23 07:00:11 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The higher tax bracket is a myth. It is calculated at the end of the year.
He might show you the tax difference depending on how you take it.
2007-05-23 09:37:00 · answer #1 · answered by TedEx 7 · 0⤊ 1⤋
Take 2 checks if you can. Yes it may bump you up into the next higher tax bracket.
2007-05-23 14:08:56 · answer #2 · answered by ablair67 4 · 0⤊ 0⤋
if you combine them it will put you in higher tax bracket, you will in long run take less home. can you understand that?
2007-05-23 14:08:22 · answer #3 · answered by waljac6108 5 · 0⤊ 1⤋
you should not combine into one check.
you want to seperate paychecks processed like they do every pay period.
2007-05-23 14:08:56 · answer #4 · answered by Anonymous · 1⤊ 0⤋