paycheck taxes?

Question

what percent do they deduct from your check for taxes

P.S i live in the state of florida

Answer 1

7.65% for Social Security and Medicare on the first $97,500 in annual wages and 1.45% after that.

Federal income tax varies based upon your income, marital status and number of withholding allowances. Rates vary from 0% to 35%.

Nothing for FL as they have no income tax.

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

Answer 2

As Bostonian, Judy, and Fabian stated, there is no set percentage taken from your paycheck for federal income tax.

On your W-4, you can claim 1 exemption for every $3400 in deductions that you plan on having.

If you want to determine the exact amount of federal taxes withheld from your paycheck, read Publication 15. The withholding information starts on page 35.

Answer 3

You mean income taxes? If so, the IRS applies the tax table as to what income bracket the amount of income belongs. The higher the income bracket the higher the tax rate based on the amount of income is imposed. Other types of taxes are fixed in nature. Taxes are computed after deducting exclusions from income, personal exemptions for your tax status (single, married, etc.), additional exemptions (no. of children dependents) and other deduction the tax code may allow.

Answer 4

There's no one percent for federal income tax - it depends on your income and what you show on your W-4. It can range from zero, to nearly 35% if you are very high income.

Florida has no state income tax.

7.65% will be deducted for social security and medicare.

Answer 5

20 to 25%

Answer 6

$1,000,000,000,000,000,000,000,000,000,000,000,000,000,000