This is the first time I'm working and I want to have an estimation of how much money I will get every month after paying taxes. I'm looking for a rental apartment and this could help me manage my budget.
2007-11-18 11:33:33 · 5 answers · asked by katayoun_aghajani 1 in Business & Finance ➔ Taxes ➔ United States
Your question isn't exactly clear. Depending on the salary you make, the dependents you declare, Federal income tax and FICA will be deducted. These amounts are in the tax code and your employer's payroll department can provide you with the answer.
2007-11-18 11:57:20 · answer #1 · answered by googie 7 · 0⤊ 0⤋
I have to disagree with you even though I do pay a lot of income taxes. Your right to vote should not be eliminated because of your economic status. If you disagree with the current tax system let it be known by voting for candidates who share you belief that the tax system is wrong and needs to be fixed. Also contact your congressman and senator and let them know your view. I do not mind paying my taxes. I do not mind paying more if I earn more. What I do mind is people who want to demonize me for my success. A flat tax or a national sales tax would be a much better system than the current tax code. To start it would be a simple code instead of the thousands of pages in the current code. Second it would close the loopholes in the current system that allow some rich to avoid paying taxes. Third and most important it would mean every one would have some skin in the game. Finally if we all had to pay an equal % in taxes how many people who currently do not pay taxes would not agree with the idea of higher taxes
2016-04-04 21:24:28 · answer #2 · answered by Erica 4 · 0⤊ 0⤋
You don't give anywhere near enough info for anyone to guess. It depends on a number of things about your personal situation, and also where you live since there are very likely state or local taxes in addition to federal.
Go to paycheckcity.com and enter your info, and you should get a pretty good estimate.
2007-11-18 11:52:55 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
If it is your wages, then your social security tax is $2232, Medicare tax is $522.
The federal income tax depends upon your filing status and dependents. For Single (with no dependent) the federal tax is $3696 ($1850 for Married Filing Jointly).
Then there will be state income tax (depends upon your state) and may be state unemployment and/or disability insurance.
2007-11-18 18:14:36 · answer #4 · answered by MukatA 6 · 1⤊ 0⤋
no kids but I am a full time student and I am self employed and bought about 10,000 in lumber and about 5000 in tools and paid about 4000 in school.
2014-03-04 10:46:51 · answer #5 · answered by Stanley 1 · 0⤊ 0⤋