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re: W4 Question

Posted on 3/17/16 at 6:18 pm to
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 3/17/16 at 6:18 pm to
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
Posted by TigerDeBaiter
Member since Dec 2010
10268 posts
Posted on 3/17/16 at 6:26 pm to
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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