where would i find my federal income tax pay check deduction rate ?

Question

ie. I think my employer is taking too much taxes out of my check . Combined witholding is 34%

A $950 check has
59 ss
14 medicare
143 federal
39 state

Answer 1

Go to paycheckcity.com and put in what your gross salary is and it will show you what should be coming out every week for each of those things. Here is the link:
http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp

It does sound like too much is coming out if it's 34% but it all depends on what you are claiming on your W4 too--are you claiming zero allowances because if you are then they take the most out of your check. If you claimed 1 or 2 then not as much would be taken out, but you have to make sure it's going to be enough so that you are not stuck owing taxes at the end of the year.

Is $950 your gross pay or net pay?

If you get paid every 2 weeks and it's your gross pay, then the deductions would look something like this if you were filing single and no allowances:

Federal: 112.85
Social Sec: 58.90
Medicare: 13.78
State:

(don't know what state you live in-I live in TX where there is no state tax!)

Just input the info on that form from the link and you will be able to see if they are doing it right or not. It looks like it's pretty close except for the Federal......

Answer 2

Social security taxes are withheld at 7.65% of your gross pay. Your federal and state income tax withholding is based upon what you filed on your W-4.

If you want to know how your employer determines your tax withholding, read Publication 15 from the IRS website. For your state withholding, look for the similar publication on your states department of revenue site.

Answer 3

It depends on what you have on your W-4, but if you are single and claimed zero or one allowance, that sounds about right if you are paid weekly. Since you don't say how often you are paid or your filing status, it's impossible to tell exactly.