2007-11-08 03:15:13 · 13 answers · asked by Brandon 1 in Business & Finance ➔ Taxes ➔ United States
no. there would be less money taken out for taxes because there was more money taken out to pay for the benefits. any money taken out for insurance, etc. is "pre-tax" meaning they do not tax that. therefore. you would have less money left to have taxes held from. unless you got a bunch of overtime and after benefits were paid you still made more than normal. than they would hold more taxes because you made more money! the more you make, the more they take. if you did not get any overtime then there is something up with your company. even if you added her as a dependent on your w-4, they would withold LESS tax.
2007-11-08 03:23:43 · answer #1 · answered by saveit 4 · 0⤊ 1⤋
While you're checking on the cost of your benefit package, see what tax status you have with the payroll department. You may want to change your withholdings to a lesser amount.
2007-11-08 11:20:18 · answer #2 · answered by nita5267 6 · 0⤊ 0⤋
was it taken out for benefits or for taxes. It should not have affected your taxes (or possibly lowered them) but may have affected your benefits deductions. That is the problem with the Income Tax system. Most people can't even figure out what they are paying.
2007-11-08 11:19:56 · answer #3 · answered by rofe 5 · 2⤊ 0⤋
This doesn't sound correct. The more people on the plan the higher the rate. The more dependants you add to your taxes the less the deduction. Check this with HR. It sounds like an error.
2007-11-08 11:22:18 · answer #4 · answered by Coco 3 · 0⤊ 0⤋
You sure it was out of your taxes and not your pay check..Benefits you added like medical and dental.. has nothing to do with your taxes on your pay check. if you make more money they take out more taxes.So my answer to your question would be no
2007-11-08 11:20:10 · answer #5 · answered by ? 6 · 2⤊ 0⤋
Was she added as a dependant on your records? Then of course more will come out-also more will be taken out to cover her within your medical etc benefits
2007-11-08 11:19:08 · answer #6 · answered by ARTmom 7 · 0⤊ 2⤋
Not for taxes, but for whatever benefit you signed up for
2007-11-08 11:19:39 · answer #7 · answered by mitzidawn 1 · 2⤊ 0⤋
Yep
2007-11-08 11:17:57 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Most definitely. Check with your HR dept.
2007-11-08 11:17:16 · answer #9 · answered by Diane 2 · 0⤊ 1⤋
probably, more benefits cost more money
2007-11-08 11:17:16 · answer #10 · answered by essentiallysolo 7 · 0⤊ 0⤋