2007-06-18 17:54:46 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Federal withholding takes 15 to 39.6 percent of a person's salary (depending on how many dependents you claim).
State and local taxes are usually 5-10 percent.
Fica is 6.2 percent.
Medicare is 1.5 percent.
Some states have health care taxes, around 2 percent.
2007-06-18 18:05:50 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Income tax is based upon your gross income, filing status and the number of withholding allowances you claim on Form W-4.
FICA is a flat 7.65% on the first $97,500 in wages and 1.45% after that.
State taxes are usually graduated and vary widely from state to state.
Go here for some handy estimators: http://www.paycheckcity.com
2007-06-19 07:11:48 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
For social security and medicare, the total is 7.65% of your income up to a certain limit that's in the $90,000's somewhere - above that it's less.
For federal income tax, it depends on your gross income for that pay period and what you put on your W-4. For state, and possibly local, it depends on where you live and work.
2007-06-19 10:05:41 · answer #3 · answered by Judy 7 · 0⤊ 0⤋