I'm working at a new job in Kansas City, Missouri, and I'd like to put together a budget, but I'm not sure how much money I'll have to actually work with. Is there a good way to figure out what percentage will be taken from my paycheck to pay federal taxes, state taxes, social security, etc... ?
2007-07-22 11:39:23 · 4 answers · asked by Texas T 1 in Business & Finance ➔ Taxes ➔ United States
Go here for some handy paycheck estimators: http://www.paycheckcity.com They're very accurate.
2007-07-22 12:15:58 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 1⤋
No way to tell with the info you give. You'd need to say how much you are making, your filing status and whether you have any dependents, and a lot more about your personal situation than you have given.
Figure you'll probably lose 30% or so of your check to taxes. It could be more or less than that, depending on your situation.
2007-07-22 12:07:26 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Figure you will keep 63%
2007-07-22 12:10:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you can keep all of your actual paycheck
2007-07-22 11:47:46 · answer #4 · answered by Anonymous · 0⤊ 1⤋