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How much tax is going to be taken out of my check, I make 10.25/hr?

I am starting a new job and we have to put our own taxes on the side. Do anyone know how much I should put on the side? Please help. I want everything decent and in order. Thanks.

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Answer #1

That of course depends on where you live and work! Both can affect the amount of tax that you will need to pay. Ask your other co-workers or go see a professional accountant do your taxes for you.

This is what I could find on the web but you need to verify the numbers: http://www.meocpa.com/pr-tax.html

-The employer is to withhold 7.65% (2002-2005 Rate) from the employee’s payroll so in your case this would be the amount withheld by yourself. -Medcare tax is not charged (unless you are making over $84,900 a year) -Also don’t forget that the federal government (IRS) collects an unemployment tax at the rate of .8% of the first $7,000 of an employee’s wages. The actual tax is 6.2% but you are allowed a credit of 5.4% if all of the state unemployment taxes are timely paid. If not, then the full 6.2 % tax applies.

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