if I am making $2583 per month...I get paid b-weekly which means before taxes I make $1291.50 every two weeks. How much in taxes is going to be taken out of each of my checks?
2007-07-02 05:02:43 · 5 answers · asked by stakekawa 3 in Business & Finance ➔ Taxes ➔ United States
It will vary depending on how you elected to file on your Form W-4, but assuming you file Single and 1 (which is the norm), this is how it will break down:
Social Security Tax: $80.07
Medicare Tax: $18.73
Federal W/H: $144
Net Pay: $1,048.70
You might also have state taxes to worry about, but your pay should be somewhere around there. Congratulations on your promotion!
Hope this helps!
2007-07-02 05:26:29 · answer #1 · answered by starlight_chic06 3 · 0⤊ 0⤋
Go to paycheckcity.com - you can input all your deductions and tax exemptions, etc. ther and get a good answer. I use it all the time for what-ifs.
Bob
2007-07-02 13:23:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Go here for some handy and accurate paycheck calculators: http://www.paycheckcity.com
2007-07-02 12:28:54 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
It depends on how you file (single, married) and what state you live in.
2007-07-02 12:13:13 · answer #4 · answered by vmoore708 3 · 1⤊ 0⤋
See this free calculator.
http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
2007-07-02 12:17:05 · answer #5 · answered by spicertax 5 · 1⤊ 0⤋