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sandraharbor
Jun 27, 2008, 02:28 PM
Where can I get a chart of taxes to deduct from a paycheck? Do I have to go through the IRS and do I have to be a business owner to obtain one of these?

tickle
Jun 27, 2008, 03:32 PM
Deductions from paychecks is public knowledge. You don't say where you are from US or Canada, but if you Google this info. i.e. withholding taxes from paychecks' I am sure you will get the correct information.

MukatA
Jun 27, 2008, 08:28 PM
I know a good site. Go to PaycheckCity.com | Web-Based Paycheck Calculators (http://www.paycheckcity.com).
First you need to register, no charges. It has many useful calculators. If you want to find out what your pay check will be then you can use this link:
PaycheckCity.com | Sign On to your account (http://www.paycheckcity.com/netpaycalcreg/netpaycalculator.asp)
First select the year and State and then enter your income and deduction info.

Sean P Schafron
Jun 29, 2008, 02:19 PM
Where can I get a chart of taxes to deduct from a paycheck? Do I have to go through the IRS and do I have to be a business owner to obtain one of these?
Go to IRS.gov look up the tax table for your income

ebaines
Jun 30, 2008, 08:43 AM
The amount to withhold for federal income tax is documented here:

http://www.irs.gov/pub/irs-pdf/p15.pdf

The formulas and tables for withholding income taxes begin on page 38. You also have withholding for social security (6.2% of the first $102K of pay) and Medicare (1.45% of pay).

Depending on your state or municiaplity you may also be subject to income tax withholding for them.