Is there a site where I can go to find out the percentage that the federal government takes out of your paycheck? How about the state tax? If there isn't one, does anyone know the percentage and how to calculate the state tax?
2007-11-08 15:02:16 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Alright, well, what if I claim zero? That's when they take out the most...
2007-11-08 15:44:43 · update #1
http://www.paycheckcity.com will help you calculate your take-home pay. Very accurate.
2007-11-08 16:17:46 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
"the state tax". Um WHICH STATE?
As for Federal taxes look here - http://www.irs.gov/individuals/index.html
Federal Withholding depends on what you are claiming (Single/0, Married/1, etc)
Social Security tax is 6.2% and Medicare tax is 1.45%. Some employers show this as one line item "FICA" so 7.65% would be taken out if combined.
2007-11-09 00:39:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
For federal, download Publication 15 Circular E at irs.gov
Every state is different - your state website probably gives that info.
2007-11-09 10:01:02 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
The amount depends on the number of deductions you request on your W4 form. This form is required when you're hired for a job.
2007-11-08 23:15:56 · answer #4 · answered by THX1138 3 · 0⤊ 0⤋
Try google.
2007-11-08 23:09:20 · answer #5 · answered by Maika B 1 · 0⤊ 0⤋