2007-05-30 05:58:49 · 12 answers · asked by Adam D 1 in Business & Finance ➔ Taxes ➔ United States
Assuming that you are single and claim 1 exemption throughout the year, federal withholding should be around $4,000. Social Security (6.2%) and Medicare (1.45%) would total around $2,700. If you have nothing else being deducted you should net around $28,300.
State taxes vary, so there's no way to know how much would be deducted for those.
Hope this helps!
2007-05-30 06:51:02 · answer #1 · answered by starlight_chic06 3 · 0⤊ 0⤋
Not enough info to say. Your filing status, dependency status, # of exemptions and state all factor in to the equation.
If you're single, not a dependent of another taxpayer and live in a state without an income tax, your total levy will be around 20% including federal income tax and FICA. If you're married with 2 kids and live in MO, it would be around 15% including federal income tax, FICA, and state tax.
Go here for some handy estimators: http://www.paycheckcity.com
2007-05-30 14:18:07 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
7.65%, or $2677.50, for social security and medicare.
Federal income tax would depend on many things, such as your filing status, marital status, dependents, whether or not you're a dependent, and any adjustments or deductions that you have. If you're single, not a dependent, and don't have any deductions or adjustments, your federal income tax would be around $3600 for the year.
Depending on where you live, there might also be state and local taxes - they vary depending on location, so no way to answer that part.
2007-05-30 13:39:57 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Depends on state and local taxes but I think you will take home from 22-26 k. Just a guess.
2007-05-30 13:01:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Between 20% and 25% depending on how you complete your W-2 (the number of dependents you claim).
2007-05-30 13:02:26 · answer #5 · answered by jim_elkins 5 · 0⤊ 1⤋
Around $9000 - $10000
2007-05-30 13:02:11 · answer #6 · answered by Gregory M 3 · 0⤊ 1⤋
About $6000....I usually just figure 25% will be taken out for taxes, Social Security, etc.
2007-05-30 13:01:21 · answer #7 · answered by cbgrace71 3 · 0⤊ 0⤋
We pay 30% for everything, Fica, tax and Medicare
2007-05-30 13:07:11 · answer #8 · answered by p h 6 · 0⤊ 0⤋
It depends.
Go to this website. It worked for me within 2 cents.
http://www.paycheckcity.com/
2007-05-30 13:03:07 · answer #9 · answered by New Moon Daughter 6 · 0⤊ 0⤋
I always use the 25% rule of thumb.
2007-05-30 13:01:51 · answer #10 · answered by madbaldscotsman 6 · 0⤊ 0⤋