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How much money is taken out of your paycheck for taxes if you're single and in Florida?
Wiki User
∙ 15y ago
There are several different prescribed and allowed methods for calculating withholding...projecting an annualization of the income for example. The withholding rate applied then depends on that calculation, and your specific claimed deductions/exemptions, etc., as well as other factors that may be effected by your State or even City or employment. (As well as what you consider taxes...many things, like unemployment, FICA, etc while deducted from you pay are considered whatever just according to your personal definition).
The amount you will ultimately pay doesn't change by how much is withheld....and you can determine and direct how much is to be withheld. (But, if you don't have enough withheld, you may become subject to an underpayment penalty and interest).
You should talk to the payroll area and they can tell you exactly how and why it is calculated as it is. You may want/need more or less withheld and they can (must) accomadate.
Wiki User
∙ 15y ago
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Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
How much money will be taken out of your paycheck in PA for taxes?
It will be about $1,259 for taxes $2.45.
Which of these is an optional deduction for money to be taken out of an employee's paycheck?
disability insurance
How much tax is taken out of someones paycheck when they 10000?
The amount of money withheld from a paycheck depends on your selection on your W-4 that you give your employer. The most will come out if you select 0.
What is advance payment of tax?
If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.
How much money is taken out of your paycheck for taxes if you are married in Florida?
31% for taxes and 2% for your pension/401k
What is a paycheck?
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.
What is paycheck?
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.
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
How much money will be taken out of your paycheck in PA for taxes?
It will be about $1,259 for taxes $2.45.
What is grosse pay?
The amount of money earned before deductions are taken out of a paycheck
How much money will be taken out of my paycheck for income taxes if I get paid minimum wage?
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
What is net pay?
the total amount of money earned after all withholdings
How much tax is taken out of someones paycheck when they 10000?
The amount of money withheld from a paycheck depends on your selection on your W-4 that you give your employer. The most will come out if you select 0.
Which of these is an optional deduction for money to be taken out of an employee's paycheck?
disability insurance
What is advance payment of tax?
If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.
How much percent are taken out in the state of Florida from your paycheck?
Florida has no state income tax. The amount of federal tax taken out depends on how you fill out the Form W-4 that you give to your employer. You can use the following calculator to see how much will be taken out of your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount taken out of your paycheck is not the actual amount you owe. The actual amount you owe is calculated when you fill out your Form 1040 at the end of the year. At that time, you will either get a refund or you will have to pay more. If you are getting a large refund, consider submitting a new Form W-4 to your employer (ask the HR or payroll department) claiming more allowances. If you claim more allowances, your paycheck will be larger each week, but your refund will be smaller.
