im trying to figure out the amount of my paycheck before its actually in my hands.
i claim zero and if my check were to be $800 before taxes, does anyone know what it would be after taxes?
2007-07-05 13:26:33 · 8 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
i usually do 800x.75= to figure take home id say 600
2007-07-05 13:31:38 · answer #1 · answered by chris_sockets 2 · 0⤊ 0⤋
Heck no! You may or may not get a refund at all. Whether you get a refund depends upon your tax liability and how much was withheld. If more was withheld than your tax liability you'll get the excess back. If less was withheld, you'll owe. To figure out how you should file your Forms W-4 at your jobs, you shoud sit down together and complete a dummy W-4 using your combined income and the instructions and worksheets on page 2 of the form. This will tell you the total number of withholding allowances you should claim between the two of you. The general rule of thumb is that the person with the higher income should claim all of the allowances and the other should claim zero. If your incomes are nearly equal you could split them between yourselves. Depending upon your specific tax situation it's entireley possible that claiming zero is correct for you and you won't get much back at filing time. I know nothing of your tax situation and you have provided no details at all so it's impossible to say how much, if anything at all, you'll get back when you file. I can say with confidence that you will NOT get "all" of it back -- not even close. Ignore the idiot who says the income tax is a fraud. The fraud is that assinine movie. Don't waste your time on that moron's advice.
2016-05-19 02:22:36 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You don't give anywhere near enough info for anyone to even give a good guess. How often is the $800? Weekly? Monthly? Bi-weekly? Makes a big difference.....
Are you married, or single? And which did you show on your W-4.
Where do you live? There might be state and/or local income taxes taken out in addition to federal.
In any case, they'll take 7.65% for social security and medicare.
2007-07-05 14:40:45 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
http://www.irs.gov/pub/irs-pdf/p15.pdf
Go to page 35 and use that as a guide. Find the similar publication for your state as well.
Include 7.65% of your gross wages for Social Security tax.
2007-07-06 00:59:01 · answer #4 · answered by Steve 6 · 0⤊ 0⤋
Depends on whether you are single, married, etc. Paid weekly, monthly, semi-monthly.
Go to IRS.gov to find the chart.
2007-07-05 13:33:01 · answer #5 · answered by Tim 7 · 0⤊ 0⤋
Id get with you Human Resources Dpt.
2007-07-05 13:28:56 · answer #6 · answered by Brutus 3 · 0⤊ 1⤋
It really depends on your federal allowances, filing status, and your state with-holdings.
2007-07-05 13:32:06 · answer #7 · answered by imtmoney 2 · 0⤊ 0⤋
it depends on what state you are in but im in ca and gross i make $500 and net its almost $390
2007-07-05 13:30:37 · answer #8 · answered by Eric M 2 · 0⤊ 0⤋