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re: W4 Question
Posted on 3/17/16 at 6:18 pm to TigerDeBaiter
Posted on 3/17/16 at 6:18 pm to TigerDeBaiter
His wife's payroll will tax her at a 42k tax rate
If they are filing jointly, they will be in a much higher tax bracket than 42k, so taxes on her wages will be severely underwithheld
You could look at it either way and get the same result
If they are filing jointly, they will be in a much higher tax bracket than 42k, so taxes on her wages will be severely underwithheld
You could look at it either way and get the same result
Posted on 3/17/16 at 6:26 pm to Croacka
quote:
His wife's payroll will tax her at a 42k tax rate
If they are filing jointly, they will be in a much higher tax bracket than 42k, so taxes on her wages will be severely underwithheld
Only 3% higher on that $42k, so $1260. If they both claim 0 allowances and actually itemize I think they'd be about right.
This post was edited on 3/17/16 at 6:28 pm
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