Taxes are taken out of a paycheck depending on a formula issued by the internal revenue service. It depends on the size of the paycheck. Being in high school has nothing to do with it. Frequently, high school students work for brief periods of time so they will have most or al of their taxes refunded when they fill out a return.
mississippi
Alot
How much is being taken out of your paycheck in taxes
A paycheck is the money received when working a business. The paycheck will include the amount they have earned after taxes have been taken out.
A paycheck is the money received when working a business. The paycheck will include the amount they have earned after taxes have been taken out.
It will be about $1,259 for taxes $2.45.
What is percentage of federal taxes in texas?
it would depend on the state
31% for taxes and 2% for your pension/401k
$640
There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.
Working through a financial calculator will help to show the value taken out of your paycheck. This website provides a calculator to view what you should expect can be taken out of your paycheck http://www.moneychimp.com/features/tax_brackets.htm