It is not a fixed or standard amount. YOU determine it by how you fill out your Form W-4 that you gave to your employer. The amount that you want to have taken out depends on many factors...and is generally not the same for any 2 people...even at the same job with the same earnings.
This calculator can help, and your payroll department may be able to also:
http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp It will also depend on what you consider "tax". Many withholdings are not for income tax...but for social security, unemployment insurance, disability and those types of things.
it would depend on the state
Alot
The percentage of taxes taken out of a paycheck depends on the number of exemptions you are allowed to claim. The average amount taken out is 15% or more for deductions including social security and income tax.
That depends on which state you live in, as well as other variables such as gross income, number of exemptions claimed, local or municipal taxes, etc.
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
it would depend on the state
27%
mississippi
Alot
The percentage of taxes taken out of a paycheck depends on the number of exemptions you are allowed to claim. The average amount taken out is 15% or more for deductions including social security and income tax.
What is percentage of federal taxes in texas?
Enough. This ain't Texas. But looking at my latest paycheck, 4.65 percent went to city and state. That's with 2 allowances. Then there's the 8.875 percent sales tax.
That depends on which state you live in, as well as other variables such as gross income, number of exemptions claimed, local or municipal taxes, etc.
That depends on which state you live in, as well as other variables such as gross income, number of exemptions claimed, local or municipal taxes, etc.
The percentage that is taken out of your paycheck depends on your exemptions and the amount of money you make. Generally, around 15% is taken out of each paycheck and held for taxes, social security and other fees.
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
You should check with your employer as they would have all of the necessary information to determine the amount of taxes withheld state taxes. The percentage may vary, depending on your income and number of exemptions claimed.