How much income tax would be taken out if..?

Question

I am single, 16 years old, I get paid weekly $6.00/hour... I work about 34 hours a week.. so, how much would my paycheck end up being at the end of the week (Friday)? and how much would I get back?

I am single, 16 years old, I get paid weekly $6.00/hour... I work about 34 hours a week.. so, how much would my paycheck end up being at the end of the week (Friday)? and how much would I get back?


I am dependent on my parents (I live with my mom) and I live in Georgia. (I believe min wage is $5.15 here..)

Answer 1

Your weekly take home pay would be $178.23 on $204 a week gross assuming 1% GA state income tax withholding and 1 Fed allowance.

Answer 2

Shaez BrainFartz gave bad advice about claiming exempt. It is illegal to claim exempt on your W-4 unless you expect to have ZERO Federal tax liability for the year. As a dependent, you have a tax liability if your annual income is $5150 or over. If your income from this job is low enough not to owe taxes, a PROPERLY completed W-4 will result in little if any withholding anyway.

Your employer will withhold 7.65% for Social Security and Medicare regardless of other factors. IRS Publication 15 (linked below) contains tables showing how much Federal income tax is withheld based on your W-4. State withholding depends on your state, and the state W-4 equivalent. You my also have local taxes.

Answer 3

Hey there, Your income taxes depend on a form called a W-4. It was part of your employment paperwork. You can always request a new one and turn it in with you next time card because you are allowed to change it any time you want to or need to. As a student you probably work part time. That means you may be able to claim EXEMPT and not have more than 4% or 5% taken for taxes. However, you probably won't get a tax refund check next year.

BUT, If you are expected to earn more than $7,000 for the year that would not be a good idea. If your income is going to be more than $7,000, you will want to mark the boxes on the W-4 for YOURSELF and for STUDENT. This should give you at least 2 EXEMPTIONS. Read each option and mark any others that you feel apply to you. The more exemptions you can claim, the less they take for taxes. Using those figures, you will have about 11% of your check taken for taxes each payday and you will receive a refund based on how much you pay in throughout the year. It's difficut to predict that amount though.

Hope I was able to help. :)

Answer 4

Not enough info.
What state are you in?
Are you a dependent of someone else (your parents)
$6.00 an hour is below minimum wage in alot of states.