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Question about my taxes...
Posted on 11/3/10 at 10:38 am
Posted on 11/3/10 at 10:38 am
Have employer that would like to have the next paycheck cover that pay period as well as the next three. Those 4 paychecks add up to $7000. Out of that $7k, $200 is going into retirement (Before you ask why so little is going to retirement, I’m paying down debt). My question is, out of this $6800. How much should I expect this check to be after FICA, State, SSN, & Medicare? I’m married with 1 child.
This post was edited on 11/3/10 at 2:05 pm
4
Posted on 11/3/10 at 10:44 am to LSUCrawdaddy
quote:What is "SSN"? Did you leave out federal tax withholding on purpose?
after FICA, State, SSN, & Medicare?
Posted on 11/3/10 at 10:48 am to LSUCrawdaddy
If you are paying down debt the amount going into retirement should be $0.
Posted on 11/3/10 at 10:25 pm to LSUCrawdaddy
Put away your calculator.
If you are just looking for an estimate, you will net about 70 - 75% of the gross.
Simple enough?
If you are just looking for an estimate, you will net about 70 - 75% of the gross.
Simple enough?
Posted on 11/3/10 at 10:59 pm to LSUCrawdaddy
The withholding rates depend on several factors. It is impossible to answer your question without additional information. Why don't you ask your employer's payroll department. They should be able to tell you exactly how much you will net.
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