2007-10-08 02:44:47 · 4 answers · asked by davemac 1 in Business & Finance ➔ Taxes ➔ United States
my salary is about $40,000 and I live in Michigan's Thumb region.
2007-10-08 03:05:37 · update #1
Here are the official withholding tables used by employers. Find your table (weekly, biweekly, single, married). Find your income and compare the columns with 1 & 2 exemptions to find out EXACTLY how much your pay will increase:
Tables start on Page 38:
http://www.irs.gov/pub/irs-pdf/p15_06.pdf
I would have calculated it for you but I didn't know if you were single/married, or the frequency of your paychecks.
2007-10-08 05:46:29 · answer #1 · answered by Dee 4 · 0⤊ 0⤋
Without knowing your salary, can't say. If your salary puts you in a 15% bracket, your pay would increase by around $10 a week.
2007-10-08 10:25:35 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
The question cannot be answered without knowing your salary and the tax venue where you live.
2007-10-08 09:50:11 · answer #3 · answered by SDD 7 · 0⤊ 0⤋
Go here: http://www.paycheckcity.com for some handy tax estimators.
2007-10-08 10:11:54 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋