2007-10-19 00:05:26 · 4 answers · asked by Nick w 1 in Business & Finance ➔ Taxes ➔ United States
10%, I wish.
Automatically, the government takes 7% for FICA (Social Security) and also a Medicaid tax.
Then comes the Income Tax, which starts at 17% and goes up as your income increases.
Add any state income tax (average is another 4%) and any local city tax (usually another 1-2%).
For most people, the amount withheld from a normal check will be around 30-35%.
2007-10-19 00:15:59 · answer #1 · answered by dewcoons 7 · 0⤊ 2⤋
The amount of taxes withheld from your pay check depends on the information you included in the W4 form your employer asked you to fill out. The amount of the deduction depends on the level of your income, the number of dependents you claim, and even the state in which you live. In some states you have to pay both federal and state income tax.
2007-10-19 00:10:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends upon your filing status, number of dependents and your weekly pay. It can range from around 8% to 40%.
2007-10-19 00:31:32 · answer #3 · answered by MukatA 6 · 1⤊ 0⤋
it always worked out for me at about you get 70% in your hand thats all of them if your single also there are local taxes which your company dont take out so when its all over for the yr you probally get upper 60's% cash in your hand
2007-10-19 00:12:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋