How much is being taken out of your paycheck in taxes
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
$640
It will be about $1,259 for taxes $2.45.
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
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.
Yes, your paycheck can be garnished as long as you make a living. It is unlikely that the entirety of your paycheck will be taken but it depends on what the debt is for.
31% for taxes and 2% for your pension/401k
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.
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.
It will depend on where you live and work and on how many allowances you put down on the W-4 form you give your employer. Here is a calculator that will help you determine how much will be taken out: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
If this is about a deferred compensation plan. You should put at least as much as the company will match if they will match any and more if you can live with the smaller paycheck.