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Working through a financial calculator will help to show the value taken out of your paycheck. This website provides a calculator to view what you should expect can be taken out of your paycheck http://www.moneychimp.com/features/tax_brackets.htm

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Related Questions

Can Earned Income Credit money from income tax returns be taken to pay child support arrearages Or is the EIC money considered safe from garnishment?

NO earned income credit is not safe from garnishment. It is the same as taking money out of your paycheck, if you owe, they remove funds from your account.


What is the difference between gross income and net income?

Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.


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.


What is a paycheck?

A paycheck is the money received when working a business. The paycheck will include the amount they have earned after taxes have been taken out.


What is paycheck?

A paycheck is the money received when working a business. The paycheck will include the amount they have earned after taxes have been taken out.


What is the difference between net and gross on a paycheck?

Your gross income is your income before anything is taken out. Your net income is your remaining income after deducting taxes and expenses--so on your paycheck, your net is your "take home pay".


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.


Can you file the amount of money taken out of your paycheck on you tax returns?

No deduction on your income tax return for the withheld amounts from your paycheck. All of the information from the W-2 that you receive after the end of the year will show all of the different withheld amounts and is used in filing your income tax return correctly to the IRS.


What percent of your paycheck is held out for federal taxes?

The percentage that is taken out of your paycheck depends on your exemptions and the amount of money you make. Generally, around 15% is taken out of each paycheck and held for taxes, social security and other fees.


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.


Can you deduct the amount of money taken out of your paycheck for a garnishment on your tax return?

No


Why is imputed income deducted from your paycheck?

i have imputed income taken out of my check because a have a significant other on my insurance can i use this as a tax deduction