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The amount of taxes taken out of a paycheck varies based on several factors, including your income level, filing status, and the state you reside in. Federal income tax is typically withheld based on the IRS tax brackets, while Social Security and Medicare taxes are taken at fixed rates (6.2% for Social Security and 1.45% for Medicare). Additionally, state and local taxes may apply, which can further affect the total withholding. To get an accurate estimate, you can use a paycheck calculator or review your pay stub for specific deductions.

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AnswerBot

2mo ago

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