How much do you have to make before they take federal taxs out?

Answer 1

The first $1 of your gross earnings will have some social security and medicare taxes withheld.

FICA stands for "Federal Insurance Contributions Act." It's the tax withheld from your gross earnings salary or your NET profit from your self-employment income that funds the Social Security and Medicare programs.

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.

For the tax year 2010 the social security and medicare tax is withheld by your employer payroll department from your first dollar of your gross earnings at the 7.65% rate.

The 7.65% amount is matched by your employer for a total of 15.3% contribution to the SSA insurance trustee.

Then you will also have other federal income tax amounts and other items that your employer payroll department will be required to withhold from your gross earnings before you will be issued your NET TAKE HOME paycheck.

You should ask the employer payroll department for the amounts that they will have to withhold from your gross earnings.