I need help! How much would I make after taxes....?

2 ⤊

I need help! How much would I make after taxes....?

if I made 30,000 a year???

EASY 10 Points!

ps
I live in Tennessee if that helps.

2007-10-15 06:21:05 · 2 answers · asked by Deeda 3 in Business & Finance ➔ Taxes ➔ United States

2 answers

If this is W-2 wages, you can expect the following taxes to be taken out:
Federal income should be approx $2,500
FICA should be $1,900
Medicare should be $435
State should be approx $1,000 (I'm guessing here as I am not familiar with Tennessee state tax rates.

Your net after the above will be about $24,000

2007-10-15 06:27:57 · answer #1 · answered by Homeslice 4 · 2⤊ 0⤋

You don't give anywhere near enough info to even guess, beyond the 7.65% that will be taken out for social security and medicare. Your income taxes depend on your personal situation and what you put on your W-4.

2007-10-15 07:14:00 · answer #2 · answered by Judy 7 · 0⤊ 0⤋