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take out of that check once a month dollar amount please?

2007-08-02 08:19:33 · 2 answers · asked by unique 1 in Business & Finance Taxes United States

2 answers

Monthly Gross Pay: $50,000.00

Federal Withholding: $15,402.00
Social Security: $3,100.00
Medicare: $725.00
Texas: $0.00

Net Pay: $30,773.00

The Social Security withholdings will drop off during the 2nd month since SS wages are capped at $97,500 in 2007.

2007-08-02 08:55:52 · answer #1 · answered by Bostonian In MO 7 · 1 0

$50,000 a month? Wow!! They'll take a lot, something like $15,500 a month for federal withholding, plus social security for the first couple months, and medicare all year.

2007-08-02 18:06:30 · answer #2 · answered by Judy 7 · 1 0

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