2007-08-16 17:15:36 · 3 answers · asked by cassray24 1 in Business & Finance ➔ Taxes ➔ United States
If you make $480 weekly - in a year that's $24,960. The tax owed to Federal would approximately be $3,353 for the year. Tax for state can vary depending which state. If CA, it would approx. be $622 for the year. If considering 52 weeks, then you should probably be withholding about $65 for Federal taxes plus $12 for state (CA). I guess your net check for weekly may come down approx. $403. This is considering Single and claiming 0. Overally, you should make sure you withhold enough to cover your taxes - you don't want to owe in the end.
2007-08-16 17:50:16 · answer #1 · answered by Missy L 1 · 0⤊ 0⤋
On Weekly Gross Pay of $480.00 with 0 allowances:
Federal Withholding is $57.00, Social Security $29.76, Medicare $6.96, Arizona (or state with no tax) $0.00.
Net Pay is $386.28
For California you pay additional CA tax $9.27 and CA SDI $2.88
Net Pay $374.13
On Weekly Gross Pay of $480.00 with 2 allowances:
Federal Withholding $38.00, Social Security $29.76, Medicare $6.96, California $5.77, CA SDI $2.88.
Net Pay $396.63
2007-08-16 18:22:52 · answer #2 · answered by MukatA 6 · 0⤊ 0⤋
The difference would be about $20 a week.
2007-08-16 18:00:02 · answer #3 · answered by Judy 7 · 0⤊ 0⤋