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You can use the following calculator to determine how much tax will be deducted from your paycheck:

http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp

Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.

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16y ago

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Related Questions

What taxes would be deducted in determining an employee's net pay?

FICA taxes


What are the terms gross pay net mean?

Gross pay is pay before taxes have been deducted were net pay is after taxes.


Are federal taxes automatically deducted from every paycheck?

Yes, federal taxes are typically automatically deducted from every paycheck by your employer before you receive your pay.


Does bi-weekly pay result in higher taxes being deducted compared to other pay frequencies?

No, bi-weekly pay does not result in higher taxes being deducted compared to other pay frequencies. Taxes are calculated based on your total annual income, regardless of how often you are paid.


Why are fringe benefits being deducted from your pay check?

Where I live benefits can be considered income by the tax man. (Demo automobile in my case) So these benefits appear on your pay check as income and you pay taxes on them Other benefits like our companies health plan are partially paid by the company and partially paid by the employee. These are deducted from my income.


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Does getting paid weekly result in lower taxes being deducted from your paycheck?

Getting paid weekly does not result in lower taxes being deducted from your paycheck. The amount of taxes deducted from your paycheck is based on your total annual income and tax bracket, not the frequency of your pay.


Why didn't federal taxes get deducted from your pay?

Ask your payroll provider why they didn't withhold.


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No, FICA taxes are not deducted from 401(k) contributions.


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Does cooperative society pay withholding tax?

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What does withholding tax mean?

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