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What percentage of taxes will be taken out of your paycheck if you make 35K per year in NYC?
Gingerbell
How much tax you pay or have taken out depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings/reductions as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. And many must be paid either way, if your an employee or if your the proprietor.
The amount of tax you get back (or additional owed) depends on how much you paid in by estimated payments (if you didn't have payroll withholding, which is in itself, just a way to make estimated payments on what you may ultimately pay). And you must make estimated payments through the year (basically quarterly, the last one for 2007 is due today, 1/15/08) if your above some very low income limits, or you will pay substantial penalties and interest.
The amount of tax withheld or eventually paid also depends on other things...obviously which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be needed), as well as your filing status, number of dependents and other deductions (like interest paid on a home, charity, medical expenses, etc). For withholding, all these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to, and then properly reporting them on your 1040.
Finally, there are a number of different legal ways for the payroll provider to calculate certain aspects of the amount to withhold...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty). Again, adjusting your W-4 is the way to correct for any of these circumstances
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What is the percentage taken out of a paycheck for a single parent in New York?
If you're talking about taxes, the amount taken out is not usually a simple percentage, but depends on a number of factors including how many exemptions you claimed when you filled out your W-2 form and how much you make.
Does an employer have to deduct taxes from a minor workers paycheck?
No The employer may not deduct taxes from your paycheck if you are under 18 unless you give them permission to do so, If they have done this to you make sure to talk to someone about it your entitled to get that money back.
What is the percentage of tax taken out of a paycheck in Pennsylvania?
The employer will take out the SSIC, Federal Income Tax and State Income Tax and perhaps city taxes. The amounts are going to depend on what tax bracket you are in. It can vary a great deal based on the amount you make and how you fill out the withholding forms. 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 that 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 be issued for the net amount of your earning (wages).
Can a person claim exempt of federal taxes for only one paycheck?
If you earn income or make money, you are required to pay federal taxes. It does not matter how many paychecks you receive.
Why is the IRS not taking taxes out?
I am going to assume that you are refering to your paycheck and that the IRS is not taking taxes out. This can happen when you don't make enough in a pay period that when calculated on a yearly basis, your income wouldn't be enough to owe taxes. Another way this can happen is if you claimed exempt on your W-4. Go to your employer and see how many deductions you claimed and then change your exemptions according to the instructions to have taxes taken out of your pay.
What percentage of taxes will be taken out of your paycheck if you make 19k per year in west virginia?
The amount of taxes taken out in your taxes depends on the exemptions that you are allowed to claim. It can be anywhere from nothing to a couple thousand or more.
What percent of your paycheck is held out for federal taxes?
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.
What is the percentage taken out of a paycheck for a single parent in New York?
If you're talking about taxes, the amount taken out is not usually a simple percentage, but depends on a number of factors including how many exemptions you claimed when you filled out your W-2 form and how much you make.
How do people pay taxes?
People pay taxes in many different ways. Taxes are taken out of your paycheck, you pay taxes when you make purchases at a store, and you pay taxes on your home and property.
What percentage is taken out of paycheck for California state taxes?
It depends on how much you make. CA state tax brackets range from 1% (for those making less than about $7000 per year) up to 10.3% (for those making over a million dollars per year).
How much do an rn make on their weekly paycheck?
$1500-1700 Net after taxes
How much money does a stockbroker make a paycheck?
If the person is paid weekly, their before taxes check would be close to $975. After taxes, their paycheck will be close to $721. Their salaries will vary depending upon their experience and how good they are.
How much per paycheck if you make 48000 per year?
About $923.00 a week before taxes
Does an employer have to deduct taxes from a minor workers paycheck?
No The employer may not deduct taxes from your paycheck if you are under 18 unless you give them permission to do so, If they have done this to you make sure to talk to someone about it your entitled to get that money back.
Who pays the police?
the city in which they work in. Essentially it is the taxes from a paycheck or the taxes from a local store that are charged to each individual that make up the majority of their pay.
I'm new to the workforce?
The smaller the number, such as zero, the more taxes are taken out. The bigger the number, the less. The benefit of having a lower number/more taxes taken out is you will receive a higher refund in April. If you have a higher number/less taxes taken out then you run the risk of owing money in April. if you claim one,no way should that make you owe taxes. my spouse claims 2 and he pays enough taxes that he doesn't owe and he still gets a nice refund. you don't want to claim zero and get a small paycheck throughout the year only to get a huge refund,it's best to break even,pay your taxes but still get most of your paycheck I am a single parent, and I claim 2-3. I claim myself, my child, and I also claim another for child care. I make out still come refund time. I usually bank like 3g's when I get my return.
If you make 7.15 per hour with a 50 hour check what will your paycheck be after taxes?
It depends what the tax is, so i can't answer that
