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3 answers

That depends upon your gross pay. Could be anything from 0% to 35% for Federal income tax plus 7.65% for FICA.

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

2007-06-23 08:02:17 · answer #1 · answered by Bostonian In MO 7 · 0 0

IRS Circular E (Publication 15) details the federal taxes withheld based on the payroll period and the paid amount. One withholding exemption is $3400 per year...or $65.38 per weekly pay period, $130.77 per biweekly, $141.67 per semimonthly, or $283.33 monthly.
For a biweekly payroll period, your employer will compute the federal tax to withhold by subtracting one withholding allowance ($130.77) from your gross pay and then compute the tax on a sliding schedule. For a single person that scale is-
Over $102 but less than $389 ---> 10% of amount over $102
Over $389 but less than $289 ---> $28.70+15% of amount over $389
Over $1289 but less than $2964---> $163.70+25% of the amount over $1289

Go to the IRS web page and search for Publication 15. The withholding tables are on pages 37 and 38.

2007-06-23 20:06:55 · answer #2 · answered by skipper 7 · 0 0

http://www.irs.gov

it isn't a flat percentage, it changes according to your income and your employer's pay schedule (monthly, weekly...)

your social security and medicare will total .0765%

plus you'll probably have state taxes, and possibly unemployment

2007-06-26 01:21:27 · answer #3 · answered by Lisa 4 · 0 0

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