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You can use the following calculator to determine how much tax will be deducted from your paycheck:
http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.
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What taxes would be deducted in determining an employee's net pay?
FICA taxes
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Why are fringe benefits being deducted from your pay check?
Where I live benefits can be considered income by the tax man. (Demo automobile in my case) So these benefits appear on your pay check as income and you pay taxes on them Other benefits like our companies health plan are partially paid by the company and partially paid by the employee. These are deducted from my income.
Why didn't federal taxes get deducted from your pay?
Ask your payroll provider why they didn't withhold.
In India how much tax is deducted?
It depends on how much you are earning. There is a minimum income limit and anyone earning above that predetermined number has to pay taxes. The taxes start with 10% and go up to 30%. There are also many options to reduce taxes legally. You can check the link in the related links section to learn about indian income tax.
What taxes would be deducted in determining an employee's net pay?
FICA taxes
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Why are fringe benefits being deducted from your pay check?
Where I live benefits can be considered income by the tax man. (Demo automobile in my case) So these benefits appear on your pay check as income and you pay taxes on them Other benefits like our companies health plan are partially paid by the company and partially paid by the employee. These are deducted from my income.
What is bankcruptcy protection?
If a person is in a chapter 13 bankruptcy, and it is being deducted from their pay check in nys can someone else sue you and have the money deducted from your pay check?
Why didn't federal taxes get deducted from your pay?
Ask your payroll provider why they didn't withhold.
In India how much tax is deducted?
It depends on how much you are earning. There is a minimum income limit and anyone earning above that predetermined number has to pay taxes. The taxes start with 10% and go up to 30%. There are also many options to reduce taxes legally. You can check the link in the related links section to learn about indian income tax.
Does cooperative society pay withholding tax?
A Cooperative Society does not pay withholding taxes. Withholding taxes are taxes deducted at source from incomes earned by individuals and corporate bodies that are subject to payment of taxes. The taxess so withheld are subsequently deducted from the final tax liabilities of such individuals/corporate bodies. Since Cooperative Societies do not pay taxes on theirprofits it will beimpossible to deduct such withheld taxes and so the Cooperative suffers.
What does withholding tax mean?
Taxes that are taken out of your pay before you get it. These typically include income taxes, social security taxes and Medicare taxes.
Received a payout from aflac after having policy for 20 years do i have to pay taxes on the money received?
No, not unless you deducted the cost of the insurance on your taxes.
How much taxes do you have to pay on $600.00?
How much federal taxes do you have to pay on $600?
What is the maximum amount of pay for which social security taxes must be deducted in 2009?
about 674 us dollars
What is the difference net pay and gross pay?
Anytime you see the term "net" before pay, income, etc, it's the balance of money earned after taxes are deducted. The term gross is the balance of money earned before taxes and other deductions, such IRA's, Insurance Plans, and other premiums and costs are deducted.
