There are many ways to figure it, and of course, evewn what you consider tax (Unemployment contributions?, FICA?, workers compe?, etc, so...questions on why your withholding is what it is should be addressed to whoever is making the calculation, which is done pursuant to the info you provide on your W-4.
If you need to adjust it, because your circumstances require more or less to be withheld to approximate your liability after other income, or special dedcutions you may have...that can be done through them. The amount wittheld, like the amount of tax actually determined to be due, is dependent on many, many factors...such as your maritial and family status, other income and expenses, how other employer benefits are handled (like retirement contributions, health and medical, etc., etc). It is very reasonable to say that even 2 people at the same job making the same salary will commonly have very different amounts withheld.
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.
Tennessee taxes interest and dividends at the rate of 6%.
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.
it would depend on the state
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.
Tennessee taxes interest and dividends at the rate of 6%.
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.