say you make 500 a month, in the state of Texas, how much should come out for taxes?
2007-06-19 09:31:41 · 10 answers · asked by katie c 2 in Business & Finance ➔ Taxes ➔ United States
There is no state tax in Texas so you don't have to worry about state taxes coming out!
I agree with going to the link http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp
and putting in your income. When I input that info for you, and file as single and zero exemptions, then this is what I get:
Monthly Gross Pay
$500.00
Federal Withholding
$27.92
Social Security
$31.00
Medicare
$7.25
Texas
$0.00
Net Pay $433.83 per month.
Hope that helps!
2007-06-19 12:03:36 · answer #1 · answered by MarineMom 6 · 0⤊ 0⤋
Figure Out Paycheck
2016-12-29 10:22:32 · answer #2 · answered by ? 4 · 0⤊ 0⤋
At $500 a month, assuming that you are single and no one else can calim you as a dependant, no federal income tax should be withheld. There will be Social Security taxes withheld and some Texas income tax withheld.
2007-06-19 10:57:59 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
Depends on the State
Federal is 7.65% for social securety and medicare plus whatever you claim to be witheld.
I live in California where that tax rate is currently 6% for sdi (state disability Insurance) and whatever you claim to be witheld
2007-06-19 12:13:17 · answer #4 · answered by Sarafina 1 · 0⤊ 0⤋
Try:
www.paycheckcity.com
The site offers the options to input your salary or hourly wage, deductions and how often you are paid. It will tell you how much to expect taken out for taxes and what your paycheck should be.
2007-06-19 09:40:30 · answer #5 · answered by Mrs.M 4 · 0⤊ 0⤋
At $500 a month, not much at all. Probably just FICA at $38.25. Go here for some handy estimators: http://www.paycheckcity.com
2007-06-19 10:08:27 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
finding on if your better half works of no longer. the better half that makes the main funds could desire to declare the dependents and the different could desire to declare none. as a strategies because of the fact the quantity, it relies upon on the state you reside in. you may discern approximately 27 to 33 according to cent of your wages finding on your earnings. desire this facilitates.
2016-11-06 23:06:06 · answer #7 · answered by dugas 4 · 0⤊ 0⤋
It should have a break down on your paystub of how much they take out. It's very depressing to look at.
2007-06-19 10:02:53 · answer #8 · answered by Austin B 3 · 0⤊ 1⤋
usually if you claim no dependants it is 28% it is less with dependants...depending how many...hope it helps.
2007-06-19 09:36:40 · answer #9 · answered by rowdysunsetart 5 · 0⤊ 2⤋
it should say on your check
2007-06-19 09:38:33 · answer #10 · answered by Anonymous · 0⤊ 1⤋