money and taxes?

Question

hey if im making 150$ a week how much would it be after taxes

Answer 1

At $150.00 a week for 52 weeks, (if it's just you) you would have no federal tax liability on the $7800 (150. X 52) for the year. This is because the standard deduction of $5150 and exemption deduction of $3300 equals $8450. You would have negative income. So therefore, the only deductions out of the $150 should be $18.75 ($11.25 for SS/MED and $7.50 for state-using standard of 5%) Your paycheck should be $131.25 every week. If you are a dependent of your parents, then you couldn't claim your own exemption and you would have to pay taxes on $2700 (7,800-5,150) which should be $270. You would have to withhold at least $5.20 each week for federal taxes. Now, your check should be $126.05 each week.

Answer 2

Go here: http://www.paycheckcity.com