I'm getting a new job, and I wanted to know what % of taxes is charged on my pay check?
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So I'm getting a new job, and I'm gonna get paid 8 dollars an hour. I'm gonna be working about 25-40 hours weekly. I wanted to know what percent(%) is gonna be taken away from each of my paychecks as taxes? I live in Southern California, and I'm gonna work for Mc.Donalds.
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Answer:
Dear C: First you must know how you set up your W4 at work. Single/1 or 0, it makes a difference. IRS Pub 15 has all of the tables your employer uses to calculate your with holding. If you are single and file on your own, it looks like you will not owe any taxes to the feds this year. If your parents claim you then you will be a lot closer to owing the IRS at least a little. Try HR Block.com and their free calculator to see if you will owe or get money back. This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent
Cesar at Yahoo! Answers Visit the source
Other answers
Here's a tool that will calculate it for you: http://www.paycheckcity.com
Weekly Hours = 32 Rate Per Hr = $8.00 Weekly Gross Pay $256.00 Federal Withholding $16.74 Social Security $15.87 Medicare $3.71 California $3.11 CA SDI $2.82 Net Pay $213.75
same as your old job, 7.65% for FICA and 1 1/2% for state disability in Calif if your weekly pay is not at least $260 there will be no income tax withheld, if you have filed your W-4 as single, 2, as you are allowed to do
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