There are way too unstated variables to give you an answer. What state do you live in? How many hours do you work during each pay period? Are you paid weekly, bi-weekly, semi-monthly? What is your filing status? How many allowances did you claim on your W-4? How many state allowances did you claim? Does your state even have an income tax?
The only thing that can be said with certainty is that the combined total of Federal Income Tax, Social Security and Medicare withholding will be LESS than 22.65% of your gross pay.
To get an accurate estimate use PaycheckCity's Hourly Paycheck Calculator:
http://www.paycheckcity.com/netpayhratescalc/netpayHRatescalculator.asp
Some examples:
A single person, living in Arizona, working full time, paid every two weeks, claiming 1 federal allowance and state witholding 19% of Federal: Gross: $1200, Net: $952.36 (20.6% withheld)
Same as above, except a resident of Kansas and claiming 1 state allowance: Gross: $1200, Net: $930.69 (22.4% withheld)
For the examples above, if only working 30 hours per week:
AZ: Gross: $900, Net: $728.86 (19.0% withheld)
KS: Gross: $900, Net: $717.39 (20.3% withheld)
A married resident of Florida, working full time, paid every two weeks, claiming 3 Federal allowances: Gross: $1200, Net: $1,058.20 (11.8% withheld)
A married resident of Virginia, working full time, paid every two weeks, claiming 3 Federal and state allowances: Gross: $1200, Net: $1,011.71 (15.7% withheld)
A Head of Household in California, working full time, paid every two weeks, claiming 4 federal and state allowances: Gross: $1200, Net: $1,029.00 (14.3% withheld)
A Head of Household in Minnesota, working full time, paid every two weeks, claiming 4 federal and state allowances: Gross: $1200, Net: $1,004.12 (16.3% withheld)
2007-06-27 01:15:59
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answer #1
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answered by greymatter 6
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They'll take about $1.15 an hour for social security and medicare. The amount taken for federal income tax will depend on your filing status and many other variables. If you're single, not a dependent, don't have any dependents, and take the standard deduction, that will be a little under $1.50 an hour. There might also be state and local tax - that depends on where you live - could be anywhere from zero to close to the same amount as federal.
2007-06-27 02:10:32
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answer #2
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answered by Judy 7
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OK-
FICA/Medicare Taxes are 7.65%
Federal Taxes normally 15%
State Taxes depend on the state you live in.
Add the percentages.
Multiple Gross Wages times the percentage of taxes.
subtract that amount from the gross wages this will be your net wages.
2007-06-26 23:35:56
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answer #3
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answered by Itsok 3
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All employees pay half of their own soc sec and medicare(ROUGHLY .075) and Federal tax rate depends on your W4(are you married,single,etc.) and do you have any dependents? Do you want a refund when you file your taxes or to come as close to zero as possible? Also,what state do you live in?
Contact your nearest H&R Block office-they will help you.
2007-06-26 23:57:50
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answer #5
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answered by Anonymous
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maybe 3 - 5 dollars an hour. i think generally state plus gvmnt taxes totals 25 - 40 % of your check.
2007-06-26 19:41:45
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answer #6
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answered by denimcap 4
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