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What is the number that you calculate on form w-4 that reduces the amount of tax withheld from your paycheck?

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2010-07-18 12:07:07
2010-07-18 12:07:07

The number of exemptions would have to be increased for this purpose.

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what is used to determine the amount of federal taxes withheld from a paycheck


The total Percentage amount of withholding for all items from gross wages or gross income. After the total Percentage amount is withheld from your gross pay amount then your net take home paycheck would be issued to you.


You will have to get the correct that will be withheld from your GROSS earnings for the pay period from your employer payroll department as they would be the ONLY on that would know how much they will withhold for your state income tax amount before they issued your NET take home paycheck You do NOT ever have any amounts withheld from your NET TAK HOME PAYCHECK after it is issued to you.


The correct amount that was withheld for each one will be sent separately to the state and to the federal government.


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.


NONE, NOTHING, -0- ZERO amount is withheld from your net take home paycheck.The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department.You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.


Your employer would be the one that could give you the percentage amount that you could use to try and determine the amount that you may bring home after all of the taxes federal and state are withheld from your paycheck.


You do NOT have any amount that is withheld from your net take home paycheck after it is issued to you. The amount that is withheld is calculated on your gross earnings for the pay period and is a advance payment of your possible future income tax liability. After your income tax return is completed correctly and IF the amount that is withheld is more than your federal or state income liability then you will receive a refund of the over withheld amount.


Nothing will be withheld from your paycheck because the paycheck is issued to you after all of the necessary taxes have been withheld from your gross earnings (wages). You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will issued for the net amount of your earning (wages).


Your employer will be able to give you the total percentage amount that will be withheld form your 70000 paycheck in NYC. And then you will be able to determine the amount net income that you will be bringing home.


Gross pay total amount of earnings for the time period. Less all of the necessary withholding that will have to withheld from the gross amount then you paycheck will be issued to you for your net pay. Net paycheck take home pay.


You NEVER do have any deductions for federal taxes or other items from your net take home paycheck when it is issued to you. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.


No deduction on your income tax return for the withheld amounts from your paycheck. All of the information from the W-2 that you receive after the end of the year will show all of the different withheld amounts and is used in filing your income tax return correctly to the IRS.


You NEVER do have any deductions for federal taxes or other items from your net take home paycheck when it is issued to you. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department.


Nothing will be withheld from your paycheck because the paycheck is issued to you after all of the necessary taxes have been withheld from your gross earnings (wages).You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period.After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will issued for the net amount of your earning (wages).


Yes that is correct when you claim married less income tax will be withheld from your gross wages. You do NOT have any taxes withheld from your net take home amount that is on your paycheck.


Withheld taxes are used for several things. City taxes and state taxes are withheld from one's paycheck. Federal taxes are also withheld from your check. That amount depends on number of kids and if one is married. It also depends on if one is head of household.


Employee amount for the Medicare tax is 1.45% on all wages. For the OASDI (SS) amount the amount of tax is 6.2% equal 7.65% total up to the 106800 of wage limit amount for the 2009 and 2010 tax year. When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60


The amount is not a straight percentage. Gross pay is the amount you are paid before any tax withholding. Net pay is the amount you take home after taxes are withheld from your paycheck.


You NEVER do have any deductions for federal taxes or other items from your net take home paycheck when it is issued to you. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department.You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.


After your employers payroll department takes all of the necessary withholding amounts from your gross pay your net take home paycheck is issued to you nothing will be withheld from that amount that is included in your net take home paycheck. You should check with your employers payroll department and ask them what percent amount they will be withholding from your gross pay before your net take home paycheck is issued in your name.


Your ability to take certain deductions, or use certain programs (like an IRA, etc) is entirely situational. Do not confuse saving taxes, as in the amount you eventually pay, as the amount you pay as an estimate of what you ow, generally done by having an amount withheld from your paycheck. The amount withheld is entirely in your control, and may be more or less than you actually pay or owe.


You NEVER do have any deductions for federal taxes or other items from your net take home paycheck when it is issued to you. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.


You do NOT EVER have any amounts TAKEN OUT OF a net take home paycheck after it is issued to the individual that earned the gross wages. Ever taxpayer situation is different so you DO NOT have ANY AVERAGE amount that would be withheld by the employers payroll department from each employees gross wages, earnings. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.


Line 6 of the W-4 form which you should have been asked to fill out when you were hired reads: "Additional amount, if any, you want withheld from each paycheck".If this number is not what you want it to be, ask your employer to provide you with a new blank form, and insert the amount you'd like withheld. The employer will then begin withholding the amount from your paycheck, and remitting it to the IRS.Your W-2 (which is usually sent out each January for the prior tax year) will set forth the amount you've been paid for the year, along with the amount of tax that has been withheld, so you can complete your tax forms, and hopefully find yourself with a small refund.



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