So how much is actually taken out of a paycheck for taxes?

Home More advice Jobs & Money

• Answer #1

  For FICA, the maximum annual deduction is (I believe) 16K yearly...so, if you make a lot of money, then that's the most they'll take yearly.

  If you're married, have kids, and make 50K or so per year (household, married filing jointly) you might pay around 15K per year in taxes. 30-50% is a good range to use when trying to figure it out.

  However, if you make less than 15K per year, you might only pay 10-20% in taxes.

• FUNADVICE MONEY

  • Investing Options for Every Lifestyle
  • Understand the Home Loan Process in Singapore
  • Craft Creative Content for Instagram Generations
  • Explore the Exciting Employment Scene in Melbourne
  • How to Play Digital Poker in the US
  • Pari-Mutuel Betting: What Is It And Should You Try It?
• Answer #2

  Depend on where you live, your marital status and who you claim... go to www.salary.com, you can make up a fake career, then go to .. figure out my paycheck and put in the elections and they can tell you.. another good way I use as I am a singler adult no dependants, is I just assume that 1/4 of my pay goes to the Govt

• Answer #3

  It depends on many things: your job, kids, where you live, if your married, etc. ~Alanna

• More advice in Jobs & Money

  1. Jobs & Money
  2. How much money is taken out of your check because of taxes?
  3. What percentage of taxes are taken out of your paycheck weekly?
  4. how much tax is taken out of a settlement of $800,000.00?
  5. how much do photographers earn?
  6. Why does money suck so much?
  7. Can I claim my mother on my taxes?
  8. How much... ..money do you make?
  9. how much should i charge for a portrait?
  10. What is California's sales tax?
  11. What percent of taxes are taken out of a check weekly?