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View Full Version : Tax on 500 per week


LANCE9905
Oct 22, 2007, 11:21 AM
If you make 500 per week and claim 7 total dependents,how much state/federal tax will be taken from that check each week?

AtlantaTaxExpert
Oct 22, 2007, 02:01 PM
A salary of $500 per week is about $26,000 per year.

If you are married and have five kids, you should state on your W-4 that you are EXEMPT from tax withholding, because, with that many dependents and that low a salary, you will owe NOTHING come tax time.

Now, if you just want the amount withheld for "7" being claimed as # of exemptions, download Circular E from Internal Revenue Service (http://www.irs.gov) and look it up!