I made $618 in 2 weeks from my PT job..
I got paid today, but only got paid $499... where's the rest???? if it was taxes, it seems an awful lot!! that's like 20% almost! is it right/???
2007-09-13 22:10:42 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
www.paycheckcity.com is a paycheck calculator website to see if the $ amount is correct, but that probably is right. Social security and medicare taxes are 7.65% of your paycheck, which leave 12.35% for federal and state. Sounds about right to me.
2007-09-14 01:04:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That's about right. You'd lose $38.32 for Social Security, $8.96 for Medicare and $63.05 for Federal Income Tax. If your state has an income tax that would account for the few dollar difference.
Wait until you get a real job. My Federal Income Tax bite alone every 2 weeks is more than you're making right now.
2007-09-13 22:51:08 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you think 20% is a lot, wait till you get a real job where the pay is a bit higher. I would gladly take 20% any day over 30%+
2007-09-13 22:24:52 · answer #3 · answered by ooodaveb 2 · 0⤊ 0⤋
Depending on where you live, it could include: taxes (state & local, depending on the state), SS, unemployment, COLA, a whole bunch of stuff. They should have given you a statement detailing the deductions. Check it over. And if they did not, then ask for it.
Welcome to the grown up world!
2007-09-13 22:17:29 · answer #4 · answered by HR 4 · 0⤊ 0⤋
well on ur pay slip it should say weather it was taxes are not and should tell u where the money has gone. if not ask ur employer!
2007-09-13 22:19:05 · answer #5 · answered by missclare69 3 · 0⤊ 0⤋