I am in Mississippi and need to figure how much I would get paid after taxes are deducted off of my paycheck and if age would have anythng to do with it (16) being the age.
2007-06-11 08:49:13 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You should bring home around $190.00 ( give or take a few of dollars) per pay period.
2007-06-11 09:00:20 · answer #1 · answered by EvilWoman0913 7 · 0⤊ 0⤋
You won't owe any federal income tax at $104 a week, even assuming that at 16 you're a dependent of your parents.
You'll have 7.65% though, or about $8 a week, deducted for social security and medicare.
Not sure for Mississippi.
Age doesn't have anything to do with what tax you pay.
2007-06-11 09:21:34 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
Yes, you're supposed to be 'exempted' meaning no taxes should be taken out of your paycheck because of your age. redo your W-2 form and put Exempt in the box. Good Luck!
2007-06-11 08:53:57 · answer #3 · answered by smartbluewater 3 · 0⤊ 2⤋
Age isn't important. It is the total amount of what you earn and whose dependent you are.
2007-06-15 08:01:41 · answer #4 · answered by merrybodner 6 · 0⤊ 0⤋