I am 23 years old and single. I live in Los Angeles, CA. My salary will be $41,000. I am paid every two weeks. Trying to figure out what each of my paychecks will be after all taxes?
Can anyone help me with this?
2007-12-06 15:13:44 · 3 answers · asked by Tim 2 in Business & Finance ➔ Taxes ➔ United States
Your gross will be $1576.92
after your deductions of:
federal: 235.65
FICA-SS : 97.77
FICA-MED: 22.87
State tax: 55.52
and SDI:9.46
your net/take home pay will be:
$1155.65
this should be accurate within about 10 cents per month.
these figures are based on 2007 tax tables, with you filing as Single-Zero dependents on your W-4 form.
2007-12-06 15:56:26 · answer #1 · answered by PacificHR S 6 · 4⤊ 0⤋
first 7.65% will be withheld for social security (6.2%) and medicare(1.45%) and then depending on if you withhold at single and zero your federal w/h will be approx. $234.00 single and one fed w/h appprox. $201.00.
1577.00 1577.00
(120.64) (120.64)
(234.00) (201.00)
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1222.36 1255.36 these are just estimates
2007-12-06 23:53:13 · answer #2 · answered by kay 2 · 2⤊ 0⤋
go to paycheckcity.com and enter your info - it will give you a very good estimate
2007-12-06 23:24:31 · answer #3 · answered by Judy 7 · 3⤊ 1⤋