$15/hr job. How much should I take out for taxes, SSI, Medicare, etc.?

Answer 1

When you have a $15 an hour job you are going to make about $1200 every two weeks before taxes and roughly $900 every two weeks. A good thing to think about is that taxes are going to be abour 25% of your pay.

I know this because I work a job that pays me just over $15 an hour. As other people mentioned, the company you work for will take care of deducting the taxes.

Answer 2

If your single or married that is how you should file. Single & 1 or married and 2. This will take out pretty much the required amount for one income.

As for SSI and Medicare you don't get to decide that. it's already done for you by the state.

Answer 3

15hr job taxes ssi medicare

Answer 4

You should not even worry about your deductions at this point. The company you are working for should do that for you assuming you filled out your federal w-4 form and your state tax form. All you have to do is to declare how many dependence you have. If you're self employed but get hourly pay, that's another question entirely.

Answer 5

I presume that you are being paid as a 1099 independent contractor in the USA.

Generally, you would expect to see about 1/3 or 33% of your paycheck to be taken from you for taxes and FICA, etc.

Remember, you have to pay both the employers & employyes portions of the FICA taxes.

Answer 6

Depends on medical, retirement, state tax rates, how many you are claiming an approximate take home would be 450-475 a week

Answer 7

You take out nothing, your employer does that. FICA is 7.65% of all wages paid. Federal income tax is based upon your gross wages and the number of withholding exemptions.

Go here for some handy estimators: http://www.paycheckcity.com

Answer 8

Don't know about the Medicare but SSI will be 6.75 percent.

Answer 9

You should take out about 30% all together

Answer 10

go here so ya can figure it out:
http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp