I started new job and work in Ca but pay at the Wa state rate for taxes. I have been working lots of ot but they took out so much taxes last time. If I make 3,000.00, how much will come out. I make 35.00 per hrs and 52.50 per ot hr.
2007-12-15 04:34:32 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I worked 40 regular hrs, and 27.5 ot hrs. At what range do my taxes fall to get close to 2,000.00. I want to work a few less hrs and. The more I work the more they deduct.
2007-12-15 04:37:53 · update #1
It always pays to work OT, since there is no tax bracket which will cost you 100% of what you earn. The maximum tax bracket in the US is 35%, plus 7.65% taken for SS & Medicare.
No matter HOW high a tax bracket you are in, you're still going to get roughly 55-60% of your earnings in take home income. Less, of course, whatever you pay in WA tax.
Don't be misled by the higher than average withholding taken when you work overtime. If there is too much taken out, it will come back as a refund or reduction in what you owe when you file your return.
2007-12-15 04:43:37 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
The state rates for federal income tax are the same in Washington and California. And in North Dakota, Vermont, Florida and the other ones. If you happen to have too much withheld, it will come back to you when you file your tax return.
2007-12-15 06:02:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Approx. 1/8 tax.
2007-12-15 04:50:54 · answer #3 · answered by imsety 6 · 0⤊ 1⤋