income
 






 

Question by  BigMike (16)

How do you determine how much is taken out per paycheck for taxes?

 
+7

Answer by  Kurt (4579)

The IRS has a table for weekly, biweekly, semimonthly and monthly payroll cycles with ranges for gross pay and taxpayer status ( married or single ) and the number of exemptions claimed by the tax payer.

 
+6

Answer by  Chaneygirl (1755)

You should have 6. 2% for Social Security and 1. 45% for medicare. Federal and state withholding si based on your income for the pay period using the withholding tables.

 
+5

Answer by  answerqueen (564)

You can actually choose, depending on deductions you choose to take. Remember though, if you don't choose to have money withheld, you can be hit with a hefty tax bill come April 15.

 
+5

Answer by  TaxGirl2008 (57)

To determine how much is taken out per paycheck for taxes, you will want to complete the Federal Form W-4.

 
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