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 Has anyone rec'd their paper stimulus check - SPECIFICALLY? Details of this - PLEASE READ?
Has anyone received their stimulus payment in the form of a PAPER check in the snail mail before the "Where's My Stimulus" tool online or the phone number hotline stated. My ss ends in ...


 If someone uses your child's SSN, and then you use it to file your taxes too, who will be audited?

Additional Details
The person that used it wasn't the father, Will they withhold your check?...


 What is the average annual gross income of a prostitute ?
Let say she works independently and charges $250 per customer in a large American city, like New York....


 How much does a Mcdonalds extra value meal cost tax included?
gave a friend 10 bucks and only got 2 dollars in change ...


 Where's My Stimulus Payment? Info...??
IRS.gov now has a "Where's my stimulus payment?" feature. If you are scheduled to receive your payment in this "first wave" of payments, they will tell you how much and when ...


 I owe the IRS over $6,000 and I'll never be able to pay it. My boss really screwed me. What can I do ?
I worked for a guy that told me I was going to be pd. under the table. At the end of the year he hit me with a 1099. I owe the IRS over $6,000!!! I am a young single parent and I workmy butt off to ...


 How do I claim my taxes back please? Have not been working for a full financial year.?
...


 How can you survive with the state pension in the u.k ?am i correct to think it is as much as i thin ?
I read that the state pension is 70£ per month.. how can someone survive with that money ??how do the older ppl in the uk survive.. i mean if u earn 19.000 / annum ..is hard to get a mortgae and a ...


 If I give my friend $10,000 does she have to pay taxes on it?
If I win a large amount in a lottery, and give some money to a friend or relative, does the IRS expect them to pay an income tax, or maybe a gift tax, or luxury tax, or any kind of tax? Or would it ...


 Tax filing status. Can a married person file single?
My wife and I have been separated for 2 years. No sharing whatsoever of income. She owns her house. I own mine. I never changed my status at work when we got married, I still show single on my w2. C...


 What do u mean of uk national lottery,is there any possibility of getting the cheque from them?
i won the lottery, they have snd the winning certificate but still i didnt got the money, is there any suggestions or known persons to get the cheque ...


 Is Job Seekers Allowance paid weekly or fortnightly?
...


 Have you got your tax rebate stimulus check yet?
...


 VITALLY IMPORTANT - Proposed Stealth Tax for Car Owners?
Apparently the government are trying to introduce a tracking device to all cars so that we may be taxed for our monthly mileage. The trackers cost around £200 (that you will have to buy) and you ...


 How can I pay off IRS?,if they keep charging interest fee?
I have an installment agreement with IRS to pay off the $3000 that I owed them but they charge $500 interest fee.So how the hell can I pay them off with only $150 a month?.I don't even make that ...


 Can i get a loan advance from my tAX RETURN WITH MY ITIN NUMBER AND HOW DO I FIND OUT FOR HOW MUCH DO I QULIFY?
...


 Does the IRS accept e-files on holidays and weekends?
I e-filed my return on the 15th with taxcut. It was successfully sent and said it typically takes 24-48 hours to be accepted by the IRS. Today is the 18th! Does the 24-48 hours include the weekend ...


 I've been offered voluntary redundancy, around 21k. When can I claim benefits if I take it?
Will I be able to get contribution based JSA straight away or is there a gap before I can? Also when would I be entitled to housing benefit and council tax benefit? Of course I'd hope to get a ...


 Filing Head of Household for both spouses?
Can both spouses file head of household on their taxes without getting in trouble?...


 Is It True That Nobody's Paying Income Taxes This Year?
U.S.A. My co-worker told me that if the government owes you money they will pay you in monthly installments and that if you owe the government that you don't have to pay this year. Is that ...



b705286
What % do they hold out of a payroll check for taxes?
                     
 




Shanshan
Rating
They hold out 7.65% for Social security and Medicare (6.2% and 1.45% respectively) for the first approx. $90,000 in annual income. After ~ $90K, only 1.45% for medicare is withheld. The amount withheld for state and federal income tax depends on your marginal tax bracket, your filing status (married, single, head of household) and your number of personal and dependency exemptions. You can go to irs.gov, instructions for filling out a 1040 (1040A, 1040EZ, etc.) and look up your amount on last years tax table, then figure your percentage. Mine is 18%. That includes my federal income tax withholding($440, paid weekly, single, 3 exemptions), 7.65% for SS/Med., and my state income tax withholding. I'm not sure where to get ahold of the state tax tables for your state. Some states do not even have an income tax.


bostonianinmo
Income taxes depend upon your exemptions and your gross income -- anything from zero to 35%. They'll always take Social Security. That's currently 7.65%. Then there are optional deductions for health insurance, retirement, stock plans, etc. My total withholdings are around 55% of my gross pay, mostly because of retirement and stock fund deductions.


surfinthedesert
This depends on what you specify. Which tax bracket do you fit in? Usually, you fill this information out upon being hired. You can claim exempt, and then you'll be responsible for paying all of your income taxes in full at the end of the year.


NC
Rating
Depends on state (state income tax and payroll tax rates vary), the size of the paycheck (some payroll taxes are capped, while income taxes are progressive) and what's on your W-4.


Narend
Depends on the state you work in.
Some places have state, city, county taxes. And some do not have city and county taxes.
Also it depends on how many points you choose to get exempts for on the form provided by your employer when hired.
On a rough average take it around 28-30%.


STEVEN F
I just copied my answer from a similar question from NY. The only thing that may not apply is your states rate.

How many times does this question have to be answered? No one will ever be able to give any of you a good answer. The answer depends on your pay rate and your withholding allowances. the correct number of withholding allowances depends on you ENTIRE tax situation.
The maximum Federal Tax rate is 35.
The Highest I found for NY state is 7.7%
FICA is 7.65%

These add up to 50.35%
Your actual withholding could be as low as 0%


ka
Rating
approx 1/3 of the check - 33% I guess. It comes out to be a little less - and you can change it depending on how much you want taken out.


Sarah GB
It depends on you tax bracket. You can look that up at IRS.gov

In general if you take away 20% you'll either be right on or happily surprised on payday.

You also have to remember whether or not you had any voluntary deductions like Life insurance, Medical, Pre-paid Legal, etc...


dredude52
I'm by no means an expert or qualified to answer this question, but I've studied it quite a bit some time ago. You need to verify these numbers for yourself.

The federal percentage depends on your tax bracket, and you don't tell us your income level. It also depends on your marital status, how many children you have, whether you are head of the household, whether someone else can claim you as a dependent, etc.

If you have a pay stub, divided the FICA withholding by the gross income.

If you earn more than $26,000/yr or $33,000 per year, you pay at least 25% in federal income taxes. At $38,000 to $43,000 you pay 33%. It goes up all the way to %40.

You pay 13.5% in Social Security Tax. Someone is going to say that your employer pays half of that, but if he weren't paying it to gov't, you would get it. If this 13% were a benefit, you would eventually receive all monies back, but most people don't. If this were a benefit, you could withdraw it at any time; you cannot. If this were your benefit, you could control it in some way, like say where it was invested, or at what rate, or how it was used; you cannot. It is a tax when they control it, don't give it back, and tell you how much to pay.

Each State has their own tax amount. Some states don't have an income tax. My state is 9%, but I think California is 11%.

So if we add up the numbers so far,

FICA 25%
SSA 13%
State 9%
--------
Total 47%

If you make a decent amount of money, this is the minimum withholding tax you pay. This is money you never see, that gets taken out of your paycheck before you ever get it, called "withholding." This is money you never get to decide on how it is spent.

Oh, but you want to spend some of what's left? Then you have to pay a City Sales tax. Each city is different, but mine is 7%. Some cities are as high as 12%.

Now the total tax comes to 54%. That's outrageous! When did the gov't begin making more on my earned money than I do? Do we really need this much "Protection?"

But we're not done yet. Your total tax burden has not yet been satisfied. Do you buy liquor, beer, cigarettes? Then you pay a huge tax. Do you drive? Gasoline taxes are becoming a huge portion of your income.

There are lots of "hidden" taxes. You pay for a license tag for your car every year, which is a tax. Your car insurance is mandatory now, which makes it a tax. Your driver's license fee is a tax. If you own a home you pay a property tax. All of your professional fees and licenses are taxes. You pay for a fishing and hunting license, which is a tax.

If you add them all up, you easily pay more than two-thirds of your income in taxes.


YourDreamDoc
average 35%


gus m
Rating
25% flat if you do not assign any deductions on payroll yourself


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