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You do not have any set percentage amount for this purpose. You employer payroll department may be able to give you an amount that they are required to withhold from your gross pay for all of the necessary items that they are required to withhold before they issue you your net take home pay check.
After you have your paycheck in your hand nothing is withheld from your net take home paycheck.
There is no specific fixed amount or percent. Two people working at the same job, making the same wage may (an almost always do) have much different amounts required to be withheld. THE AMOUNT WITHHELD IS DETERMINED BY YOU...NOT YOUR EMPLOYER, THE IRS OR ANYONE ELSE.
It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings 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.
The amount of tax withheld depends obviously o 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 required), as well as your filing status, number of dependents and other deductions (like interest on a mortgage) or contributions to 401K, or medical and other benefits you selected, etc., etc.
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. The variations are so numerous that again, it is fair to say that it would be uncommon for 2 people, working at the same job making the same salary would have the same amount withheld.
There are even a number of different legal ways for the payroll provider to calculate the amount to withhold considering all the above...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 and interest charges). Again, adjusting your W-4 is the way to correct for any of these circumstances. Just follow the instructions and examples for that form and you should have a very close amount for what is needed withheld for your situation...if for any number of reasons including those above, the situation changes... you will need to change the W-4.
What else can I help you with?
How much tax will be taken out of a paycheck of 10000 dollars?
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
What is the percentage of tax taken out of a paycheck in NY?
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.
How much tax is taken out of someones paycheck when they 10000?
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.
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
How much does social security tax take from a 815.00 paycheck?
How much tax on 815.00
How much tax will be taken out of a paycheck of 10000 dollars?
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
How much are you taxed from your paycheck?
The amount of tax taken from your paycheck depends on your income level and tax bracket. It can range from a few percent to over 30 of your earnings.
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.
What is the average percentage of tax taken out of a paycheck?
The average percentage of tax taken out of a paycheck is around 20-30, depending on factors such as income level and tax deductions.
What is the percentage of tax taken out of a paycheck in NY?
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.
How much tax is taken out of someones paycheck when they 10000?
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.
What are after tax deductions?
Those are amounts taken out of your paycheck that do not reduce the amount of tax you have to pay on your salary.
Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?
No
What do you claim to have the most taxes taken out of your paycheck?
The amount of taxes taken out of your paycheck depends on your income level and tax bracket. Generally, federal income tax is the largest deduction from most people's paychecks.
How much does social security tax take from a 815.00 paycheck?
How much tax on 815.00
How much tax would be taken out of a check?
The amount of tax taken out of a paycheck depends on several factors, including your income level, filing status, and the specific tax rates in your jurisdiction. Federal income tax, state income tax (if applicable), Social Security, and Medicare taxes are typically deducted. Employers may also withhold additional amounts for local taxes or benefits. To get an accurate estimate, you can use a paycheck calculator or consult with a tax professional.
What should you do if taxes have not been taken from your paycheck?
Find out how much you earned in the last tax year. Contact the tax department for your country and let them know you have not paid some tax, but wish to do so. They can let you know how much tax you have paid and then help you (or even for you) figure out how much tax still needs to be paid.
