2007-07-06 01:38:21 · 7 answers · asked by maryellen k 2 in Business & Finance ➔ Taxes ➔ United States
depending on your income it ranges from about 23-30% and the # of allowances taken on your income tax forms.
2007-07-06 01:42:39 · answer #1 · answered by JJ 5 · 0⤊ 1⤋
To answer the question as it is asked, divide the amount of federal taxes withheld by your gross earnings. For example, if you earned $1000 that week and had $150 in federal taxes withheld, then the percentage of federal taxes withheld was 15% (150/1000).
However, if you want to know what to claim on your W-4 for tax withholding, then you will need to claim 1 exemption for every $3400 in deductions that you plan on having.
2007-07-06 21:24:56 · answer #2 · answered by Steve 6 · 0⤊ 0⤋
Divide the "federal tax withheld" by your gross salary for the pay period. If you have any amounts withheld for 401-K or a cafeteria plan, subtract those from your gross salary first.
2007-07-06 11:17:54 · answer #3 · answered by genevieve 2 · 0⤊ 0⤋
Go to the link below and enter the information in the calculator.
When you get the answer you need, feel free to deposit 10 pts to my name.
NOTE: You should enter in ONE federal allowance for yourself and ONE for your spouse if you have one and one for each child if you have any.
Thanks.
2007-07-06 08:42:49 · answer #4 · answered by DaMan 5 · 0⤊ 0⤋
WORK IT OUT IN THIS EQUATION. SOLVE FOR X...
X/100 = HOW MUCH TAKEN OUT IN TAXES/HOW MUCH YOU MAKE BEFORE TAXES
2007-07-06 08:42:49 · answer #5 · answered by JEN 7 · 0⤊ 1⤋
I HEARD THIS WEEK THAT IF YOURE CONTRACT LABOR YOU SHOULD HOLD 10 PERCENT OF YOURE CHECK BACK FOR TAXES
2007-07-06 10:57:29 · answer #6 · answered by CINDYLOU 4 · 0⤊ 1⤋
contact your payroll dept they have a chart that will tell you.
2007-07-09 00:47:13 · answer #7 · answered by K M 4 · 0⤊ 0⤋