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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. Some vary not just by State, but by company...or job in the company.
The amount (or percentage) of income tax withheld also depends on many other things...obviously which state (or even city) your in (although that may be a surprisingly small variable), the amount of income your projected on earning over the year (because that helps determine your tax bracket and the percent that may be needed), as well as your filing status, number of dependents and other deductions. And other possible income. And some things are taken out as a straight percentage up to a certain amount of income being earned in a year, and then stop (like FICA). 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. Understand that the definition of income changes with each application...your income from your employer is one thing, but the taxable income is different for the IRS, the State, and each other.
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.
What else can I help you with?
For every dollar you make how much taxes do you paid?
Each person will have a different tax rate taken out. On average, 10 to 20 cents of every dollar, goes to taxes.
What percent of your paycheck goes to taxes in Georgia?
Your employer should be able to answer your question about the percentage of taxes that would have been withheld from your gross pay before the checks were printed and given to you. The percentage and amount varies depending on your income and exemptions claimed.
What are indirect taxes?
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
What percent of your paycheck goes to taxes if you make minimum wage?
The percentage of your paycheck that goes to taxes if you make minimum wage varies depending on your location and specific tax situation, including federal, state, and local taxes. In the U.S., the federal minimum wage is $7.25 per hour, and after accounting for federal income tax, Social Security, and Medicare taxes, an individual might see around 10-15% of their paycheck deducted for taxes. State and local taxes can further affect this percentage. Overall, the total tax rate for minimum wage earners can range from around 10% to 20%, depending on various factors.
Which figure on your last paystub goes on your w-2 form the gross ytd or net ytd earnings?
Your gross YTD goes on your w-2. This gross amount is before taxes, and the net is after taxes. The government is concerned with what you made prior to taxes. Your net is what you take home after your taxes come out.
What can you spend with a million dollar?
About half of it, the rest goes to taxes. :(
What percent of food dollar goes to farmers?
About 19 %
For every dollar you make how much taxes do you paid?
Each person will have a different tax rate taken out. On average, 10 to 20 cents of every dollar, goes to taxes.
What percent of 1 dollar is 1 quarter?
25%, for it is out of a hundred and goes by 25 to get to 100.
If 30 cents out of every 1 dollar goes to taxes and the rest is net income what is the ratio of?
3:7
How many cent on the dollar goes to taxes?
For tax in the state of Kentucky it is 6 cents for every dollar you spend. ( $0.06) so if something is $2.00 then the total would be $2.12!
What goes against Constitution?
Taxes on top of taxes
What is the percent of change if a 150 dollar pair of sunglasses goes on sale for 75 dollars?
75 is 50% of 150, so the percent change is 50%. The sunglasses are going on sale for 50% off.
What happens if inflation rises by just 1 percent?
The dollar in your pocket is worth .99 of a dollar. also nominal interest=real interest+inflation so nominal interest goes up by 1%
Does having two jobs effect how much of a tax refund you get back?
No. All that matters, as far as work goes, is the total amount you earned and the total amount of taxes that were withheld.
Are indirect taxes?
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
What percent of your paycheck goes to taxes in Georgia?
Your employer should be able to answer your question about the percentage of taxes that would have been withheld from your gross pay before the checks were printed and given to you. The percentage and amount varies depending on your income and exemptions claimed.
