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How much federal tax is deducted is determined by how many withholding allowances you select on Form W-4. Ask your employer's HR or payroll department for a Form W-4, fill it out, and return it to them.
How do you select the number of allowances?
There are many calculators on the net that are designed to help you. The IRS has a calculator here:
http://www.irs.gov/individuals/article/0,,id=96196,00.html
Your state may have a similar form for state income taxes.
After you choose the number of withholding allowances, you can see how much tax will be deducted from each paycheck by using the following calculator:
http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
Do a "sanity check" on the amounts that are subtracted from your (and your spouse's if filing jointly) paychecks and make sure the amounts are roughly what you expect to owe in taxes at the end of the year. You should end up neither getting a refund nor owing the government more than $1000. If you are getting a refund, you can have a little less tax deducted by increasing the number of withholding allowances. If you are paying too much at the end of the year, you can have a little more tax deducted by decreasing the number of withholding allowances.
What else can I help you with?
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
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.
Can I Deduct wages earned but not paid?
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
What does fwt mean on my paycheck?
fwt is taxing me way to much on my paycheck
How much is an average paycheck?
Not enough.
Can you deduct from last paycheck for uniforms?
yes
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
Can a hospital legally deduct from your paycheck to cover an unpaid balance?
yes they can
Can an employer in Louisiana deduct an overpayment from the employee's final paycheck?
Yes. Otherwise, how would they get their money, what check should they deduct it from?
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 are used to determine the amount of federal taxes withheld from a paycheck?
what is used to determine the amount of federal taxes withheld from a paycheck
Can an employer in California deduct an overpayment from the employee's final paycheck if he has a signed consent?
Yes, an employer can deduct an overpayment if the employee has signed consent. This is a legal agreement worked out between the two of them.
How can I determine how much tax is taken out of my paycheck?
To determine how much tax is taken out of your paycheck, you can look at your pay stub which shows the breakdown of deductions including federal, state, and local taxes. You can also use online calculators or consult with a tax professional for a more detailed analysis.
How do you write a paycheck?
To write a paycheck, you need to include the employee's name, the amount they are being paid, the date, and the employer's signature. Make sure to deduct any taxes or other withholdings as required by law.
Can I Deduct wages earned but not paid?
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
I am an employee of asset acceptance in Michigan and owe them money can they deduct it from my paycheck?
they screw up you ; the way you have screwed up others.. silly question...
Can an employer deduct money from your paycheck due to missing funds even though no one knows who did it?
An ex-employer is in prison in this state for doing that.
