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The type of work performed is not a consideration.
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?
What are the differences in taxes between receiving weekly pay versus biweekly pay?
The main difference in taxes between receiving weekly pay versus biweekly pay is the frequency at which taxes are withheld. With weekly pay, taxes are withheld more frequently but in smaller amounts, while with biweekly pay, taxes are withheld less frequently but in larger amounts. This can affect how much you take home in each paycheck and how much you owe in taxes at the end of the year.
Do you pay taxes on state unemployment income?
Yes, you can choose to have taxes withheld or pay them back at tax time.
Is taxes withheld from paychecks that pay an employers portion of Social Security taxes?
you bet
When you file your taxes, you will receive a ________ if more money was withheld from your paycheck than you needed to pay in taxes?
Refund
What are the three taxes taken form your paycheck?
It will depend on where you reside as to what taxes are withheld. Federal Withholding taxes, FICA taxes, and Medicare taxes are the federal taxes that are withheld. Most people will also be effected by State taxes and some will even have to pay city or county income taxes along with the other taxes.
Are state and federal taxes taken out in the state of Alabama?
Yes they are withheld from your gross pay.
How to get the most federal taxes withheld from my paycheck?
To have the most federal taxes withheld from your paycheck, you can adjust your W-4 form to indicate a lower number of allowances or request an additional amount to be withheld. This will result in a higher amount of taxes being taken out of your paycheck each pay period.
Does cooperative society pay withholding tax?
A Cooperative Society does not pay withholding taxes. Withholding taxes are taxes deducted at source from incomes earned by individuals and corporate bodies that are subject to payment of taxes. The taxess so withheld are subsequently deducted from the final tax liabilities of such individuals/corporate bodies. Since Cooperative Societies do not pay taxes on theirprofits it will beimpossible to deduct such withheld taxes and so the Cooperative suffers.
Where can one find more information on withholding tax?
If you are an employee anywhere, your taxes are withheld from your paycheck. If you do not have any taxes withheld, check the official Internal Revenue Service website on how to pay an estimated tax.
Do you pay taxes on the cash option for Mega Millions?
Yes, taxes are typically withheld from the cash option for Mega Millions winnings.
If someone Lives in California but works in Nevada where do they pay taxes?
Generally, you pay taxes to the state you work in mainly because of the tax withheld. That state then pays your state. Or compensates you when you pay your state.
How long do you have to pay taxes on prize winning?
The taxes on prizes must be paid at the time you pay income tax for the year in which the prizes were awarded. If you have cash winnings, money is typically withheld from your winnings for taxes.
