i work full time and i get paid on the 1st and 15th, my check before taxes is 720 so how much gets taken out each pay period?
2007-08-13 08:24:33 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Well, let's see, social security tax is 6.2% of paycheck, or 44.64, and medicare tax is 1.45% of paycheck or 10.44. I don't know your state so I can't tell you your state withholding. I have attached a link to a paycheck calculator site, www.paycheckcity.com that you can use to calculate what your withholding should be. But, an even easier thing to do is look at your paystub, that should give you all the tax numbers.
2007-08-13 09:44:20 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Depends or you claiming status and state income taxes. The IRs has a nice withholding calculator.
http://www.irs.gov/individuals/article/0,,id=96196,00.html
2007-08-13 08:33:17 · answer #2 · answered by Avatar the last airbender 3 · 0⤊ 0⤋
At least 7.65% for social security and medicare. After that, there are way too many variables to give you an answer. Try http://www.paycheckcity.com/
2007-08-13 08:38:04 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
figure 28 percentr
2007-08-13 08:31:36 · answer #4 · answered by Michael M 7 · 0⤊ 0⤋