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How to calculate Taxes deducted from my weekly salary?

Asked Mar 30, 2005, 09:06 AM — 8 Answers
I am an employee, married and have 2 sons 15&10 years old

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8 Answers
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
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#2

Mar 30, 2005, 10:23 AM


Naderbd:

The FICA taxes are easy. For Social Security, they withhold 6.2% of your gross wages. For Medicare, they withhold 1.45% of your gross wages. Withholding example below:

$9 x 40 hours = $360 (weekly pay)

$360 x .062 = $22.32 (weekly Social Security withholding)

$360 x .0145 = $5.22 (weekly Medicare withholding)

Now, if that income is your only income for your family, then you should have ZERO withheld for federal and state income taxes. You make too little to have to pay any income taxes at either the state or federal level. Now, if your spouse works, different story!

There is no formula to determine how much is withheld for income taxes. The withholding amounts are displayed in tables in IRS Circular E and are based on your marital status and number of exemptions you claim.
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naderbd's Avatar
naderbd Posts: 9, Reputation: 1
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#3

Mar 30, 2005, 12:49 PM
Some details
Thanks very much for your prompt reply .in fact the deducted taxex from me are 5 kinds of taxes
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susan silberman's Avatar
susan silberman Posts: 2, Reputation: 1
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#4

Feb 4, 2010, 12:35 PM
What are the weekly withholding taxes for
Weekly salary: $500.00
Married, 5 dependends,
NYC resident
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susan silberman's Avatar
susan silberman Posts: 2, Reputation: 1
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#5

Feb 4, 2010, 12:38 PM
Quote:
Originally Posted by susan silberman View Post
what are the weekly withholding taxes for
Weekly salary: $500.00
married, 5 dependends,
Nyc resident
What are the federal, nys, and nyc withholding taxes
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scamille's Avatar
scamille Posts: 1, Reputation: 1
New Member
  
#6

Feb 16, 2010, 08:54 PM
If I make 12.25 bi-weekly what will my check come out to every pa period and I work 36 hours? And I'm getting state and federal as well as medical and ss out
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tnj3birds's Avatar
tnj3birds Posts: 2, Reputation: 10
Junior Member
  
#7

Sep 6, 2010, 05:51 PM
What is my federal,ss and medicare withholding I have 3 children and single head of house hold
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AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
  
#8

Sep 7, 2010, 11:26 AM


ALL CONCERNED:

The Social Security (6.2%) and Medicare (1.45%) are flat taxes. You can do the grade school math to determine what the withholdings would be.

For the rest, you need to download Circular E from Internal Revenue Service to determine what the federal incoem tax withhlding will be.

The states have state-equivalent tax tables which you can access at the state tax websites.
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lihuakuo0210's Avatar
lihuakuo0210 Posts: 1, Reputation: 10
New Member
  
#9

Oct 10, 2010, 04:27 PM
Quote:
Originally Posted by susan silberman View Post
what are the weekly withholding taxes for
Weekly salary: $500.00
married, 5 dependends,
Nyc resident
ask help
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