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Taxes on my pay check correct?

  • I just recently started a new job in Oklahoma. On my first pay check: 2.4% was taken out for Federal Tax. 7.7% was taken out for Social Security. 1.5% was taken out for State Tax. Totaling 11.6% taken out of my pay check. On my second pay check: 5.6% was taken out for Federal Tax. 7.7% was taken out for Social Security. 3.0% was taken out for State Tax. Totaling 16.3% taken out of my pay check. I did however earn $254.30 more on my second pay check than on my first due to some overtime. But would this really make such a difference to take out 5% more out of my pay check?

  • Answer:

    Yes, it would. Federal and state tax percentages is based on your gross pay amount. The larger your gross the higher the percentage of state and federal tax rates.

Joe S at Yahoo! Answers Visit the source

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You don't say how much your check is without the overtime, but yes it can make a major difference as to what's taken out if your check is considerably higher one time than another.

Judy

IRS Taxpayer Assitance Divion 800-829-1040

saulg21

you probably wen from the 10% federal tax bracket to the 15% bracket - there's your 5%

Dr. Deth

Your tax withholding is based upon your W-4 filings. You didn't state your W-4 filing. Read IRS Publication 15 and the similar publication for your state. Then you will be able to determine the correct amount of tax withholding. It makes perfect sense that more taxes were withheld with a bigger paycheck.

Steve

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