when you are a nurse
2007-08-08 04:59:08 · 6 answers · asked by claire 1 in Business & Finance ➔ Taxes ➔ United States
I've attached a link to a paycheck website to help you calculate it.
2007-08-08 05:02:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It varies based on the tax rate for your state (some states have no income tax) and if your city assesses an income tax. It also depends on if you work and live in the same area, or if you work in one state and live in another and whether those two areas have what is called a reciprocity agreemtn. Too many variables to calculate using a generic formula or general rate. And, the more you make, the higher your tax rate is, too. If you are married, it is less than if you are single.
It has nothing to do with what career you are in. You can be a nurse and make $30,000/year or make $80,000/year. Both of which are in different tax brackets.
For me, it is 14.4% for $28,000 income, two kids, head of household filing, and no state/local income tax.
Single with no kids in Ohio, same income, filing single, with regular state tax and no local tax would be 22.6%.
Also, some states offer tax breaks to nurses and educators who are just getting started in the field. While that may not be reflected your paycheck (but be a discount when you file), you can adjust your paycheck by adding an additional dependent so that you get more on your check and less back at tax return time.
Too many variables.
2007-08-08 05:08:59 · answer #2 · answered by sortaclarksville 5 · 0⤊ 0⤋
you can claim 0 for dependents even though the directions lead you to claim 1 for yourself. This will give you a refund at the end of the year. I am not sure of the exact percentage withheld....that varies on what you make....but if you claim 1 for being single you typically will break even at the end of the year, and if you are a nurse, may possibly have to pay...this is why I started claiming zero and had extra taken off....but I was working as a traveler and my situation was complicated. you can go to HR at anytime and have this readjusted :-)...now if you are in Canada...it's about 45%....this is why i work in American......they say health care is free....but there is a catch....
2007-08-08 05:36:00 · answer #3 · answered by bella36 5 · 0⤊ 0⤋
If depends on your income, and many other items. It's not a straight percent, except for social security and medicare which is 7.65%.
2007-08-08 05:12:10 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
It depends on how much you make.
There are both federal and state taxes, along with social security, medicare, unemployement, and other misc taxes.
2007-08-08 05:50:16 · answer #5 · answered by Tim 7 · 0⤊ 0⤋
I think its anywhere from 13-15 percent
2007-08-08 05:06:44 · answer #6 · answered by Yeah it's Me! 3 · 0⤊ 1⤋