Before taxes I'll be making about $340 at a side job I took..how much will I take home after taxes?

Question

I'm from Ny

Answer 1

A tad over 300

Answer 2

If depends on many things, mostly on whether you are working for the second job as an employee where they take out social security, or are an independent contractor where they don't. You say "side job" so I'm assuming this is a second job, that you already have a job.

Your income tax on it will depend on your total income, but the rate will start where your other income leaves off. So if you are in a 15% bracket now, you'd pay $51 federal income tax. New York state will get another $20 or so. Depending on where you live, there might or might not be local income tax additional.

If you are working as an employee, and social security and medicare are deducted, that will be another $26. If you are working as an independent contractor, you'd pay both the employee and the employer halves of social security and medicare, so would pay around $52.

So if you are in a 15% bracket from your total income, you'd pay around $97 tax on the side job and take home around $243 as an employee, $216 as a contractor. If your tax bracket is lower than 15%, then you'd take home more than this.

Answer 3

Depends upon your total income. With a second job you should file Single and zero on your W-4. Go here for some handy paycheck estimators: http://www.paycheckcity.com

Answer 4

some where around $300-$280. You have to figure fed and state taxes, but since its such a low amount, they wont take like $100 for federal.

Answer 5

right about 300

Answer 6

depends on how many deduction you claimed figure at least 15% will go for ss/fed taxes - so lets say 289.00 email me and let me know please.