2007-11-09 13:57:22 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You don't give enough information to give an accurate answer.
Read Publication 15 to determine the Federal income tax due based upon your W-4 withholding. Also, find the similar publication for your state.
Social Security taxes are withheld at 7.65% until you reach the income cap for the year, then it is withheld at 1.45%
2007-11-09 23:23:31 · answer #1 · answered by Steve 6 · 0⤊ 0⤋
There are certain taxes which are deducted from paycheck and these taxes don't depend upon what you put on your W4: Social Security tax 6.2% of the first $97,500 in wages for 2007 and the Medicare tax is 1.45% of all wages. Then you may have some State tax(es) depending upon your state, for example CA has SDI at 0.6%.
2. Then you have federal income tax and state, which depends upon what you put on W4, where you tell your employer how much they should withhold for income taxes.
2007-11-09 17:28:42 · answer #2 · answered by MukatA 6 · 0⤊ 0⤋
What is the pay period? What is your marital status? How many withholding exemptions are you claiming? Where do you live? Can't provide an answer without all of those first. Or just go here for some handy estimators: http://www.paycheckcity.com
2007-11-09 14:05:19 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Depends on the frequency. Is that a weekly check, semi-monthly, bi-weekly, monthly? What state do you live in? What is your withholding set up as?
Lots of variables.
2007-11-09 14:00:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A good rule of thumb is take what you gross per paycheck and multiply by 28%, that should give you a fair number.
2007-11-09 15:21:12 · answer #5 · answered by steven m 1 · 0⤊ 0⤋
I usually guess about 20% of the total and it's pretty close to what is actually taken most of the time. You should bring home $2700 or so...possibly more or less depending on your state.
2007-11-09 14:02:28 · answer #6 · answered by Lauren 5 · 0⤊ 2⤋
per year or month if its month than probably like 400-2000 bucks
2007-11-09 14:00:10 · answer #7 · answered by Anonymous · 0⤊ 2⤋
divide by 3 and that's your answer
2007-11-09 14:05:54 · answer #8 · answered by Anonymous · 0⤊ 2⤋
vye the heck are youh axing meh?
2007-11-09 14:06:39 · answer #9 · answered by Z'Channeqkwaih 1 · 0⤊ 2⤋
it's 1/5 of your gross amount
2007-11-09 14:05:27 · answer #10 · answered by low_hd_rider 6 · 0⤊ 2⤋