Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Resources      Financial Forum  
Financial Forum    Taxes
Finance Discussion Forum

 What was the last item you bought at Woolies !!?
can you remember !!...


 what happens with my tax return and student loan?
this is my first year i have a student loan out, so if i was to file my taxes would the government garnish all of my tax return to pay off my student loan, or would they just garnish some? Im not ...


 Can you write off meals that you eat out while working?
My husband teaches night classes in surrounding cities and when he is on his way home (usually after 10 PM), he often picks up dinner. I would like to know if these expenses can be written off of my ...


 what to do?ive eaten 4 yes four Fox,s Classics and feel a bit queeezy???//////?
i bought a 20 pack for 99p and cant stop eating them.now i fee; ill ill habe to log off be back ...


 Do Native Indians pay taxes?
Do Native Indians who live in reservation pay taxes? what about those who don't live?...


 Why Isn't My Refund Going to Be Deposited on Time?
I filed my taxes online with Tax Act like I do every year. I checked and double checked everything and know the information is correct. I filed on the 16th and received an email from Tax Act that my ...


 my monthly salary is 35ooo.still i could not save.?
...


 How much of your income is actually spent on taxes? I mean a percentage. I'm American, but wonder also about C

Additional Details
Canada, the UK and Austrialia....


 Is it true that we're supposed to be getting another Economic Stimulus Check again this year?
Why do I keep hearing about it? Are they just rumors?...


 What is a P45 for i know you get one when you start and leave work?

Additional Details
Its a Tax record iv just been given a P45 to give to my new job....


 Will the VAT cuts in England effect students ? ?
Essentially how will the proposed VAT cuts in England effect student loans (banks lending money) and will stores also be less likely to provide student discounts ?...


 Owe taxes on work-study job?
question, i recently earned $2045 from a work-study job I had at school, but they didn't take out any taxes out of it. I was under the impression that work-study is considered a grant since it ...


 How much GST do we pay on petrol?
...


 Is everybody aware of tax refund sharks out there?
Our tax refund is like a cake, everybody wants a slice of it. Please give advice to others about how to protect themselves from this companies who wants a part of your tax refund.
1. Tax ...


 There is lots of talk atm about the abolition of the 10p tax rate. What actually is the 10p tax rate?
...


 Can Exotic Dancers Claim Income Taxes?
One of my best friends was an exotic dancer for half of last year until she got married and instantly became a stepmom and also added a new career doing straight work as a customer service executive ...


 Too much put into my 2006 Roth IRA contribution?
In 2006 I made AGI over 95k but less than 115k thanks to an end of the year bonus. However I funded my Roth IRA at the full 4k amount earlier int he year. How do I resolve this?
Additional D...


 How much is my stimulus check?
i filed my taxes jointly with my wife and it says we are only entitled to $600 but it says on the site it should be $1200 for joint filing. what happened to the other $600 and is that going to be ...


 Are you entitled to jobseekers allowance whilst on holiday?
Will i get paid jobseekers whilst im away im holiday.

I stupidly told the jobcentre that i have a new job that will start 18th august, so could i still expect to be paid.

When i ...


 Does any one know or care very much.?
About the tax rules and regulations in Switzerland?...



For Real
How much does the Federal Taxes take out of your paycheck?
No, the answer isn't subtact the net from the gross off your paycheck and take that amount and divide it from your taxable wages.

I would like to know whats the actuall number the IRS uses to take tax money and make deductions from your paycheck. For example I had one pay check that had FED INC TAX percentage deduction of taxable wages was 9.14% and another check that was only $76.00 more and that FED INC TAX percentage deduction came out to 9.50%. So obviously if you make more, the amount they take out will increase, thus theres a common number they use to make deductions based on your taxable wages.....and thats the number I would like to know. Thank you.
                      




Ola
There are many criteria for calculating how much tax one pays, but mostly it depends on how much you make and the number of aloowances claimed. the more you earn, the more you pay back as tax, so it is better to claim all legitimate allowances as much as possible. making more money shoots you into the higher tax percentage rate.


STEVEN F
That actual answer varies based on what you put on your W-4 and how often you are paid. The best answer given your lack of detail is the link below an IRS publication containing withholding tables.


tma
There are so many factors involved in determining how much federal tax to withhold (#exemptions, annual salary, how much you contribute to 401k plan, etc.)

You can use the IRS withholding calculator to determine if you are withholding too much/too little.

http://www.irs.gov/individuals/article/0,,id=96196,00.html


John T
It's complicated. You have a number of exceptions you've claimed. Each one provides about $3,000 in tax relief.

You also are taxed at different rates depending on your income. So, there's the 10% bracket all the way up to 35% bracket. A higher income person will see a higher percentage deducted.

I'll bet that you have some sort of overtime or commision proceeds so that your paycheck varies. What you'll find is that the more you're paid per period, the greater that tax liability, since you are earning higher.

For example, if you made $25,000 a year, you'd be in the 15% bracket. But if you had a massive profit sharing for one week or something, your annualized rate might push you into the 25% bracket for that period, so you'd have higher taxes that week.

Increase your IRA or 401(k) deductions to cut your taxes. If you typically get a large refund, file a new W-4 to decrease withholding and get a bigger paycheck.

Go online and search for payroll calculators or take-home calculators. You can run the numbers there.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum - Forum - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.084
Copyright (c) 2012 FinancialCrisisBlog Thursday, July 31, 2014