View Full Version : Tax calculation
 
 petermarta
Jan 2, 2013, 07:51 AM
Hi,  
 
My company is planning for L1 visa inter company tranfer. 
 
I wanted to know how much tax I will need to pay and how to calculate it 
 
I will travel with my wife not working to Polo alto CA.
 AtlantaTaxExpert
Jan 2, 2013, 10:05 AM
Assuming you are speaking of 2013, you will pay federal and California state income taxes; the rate depends on your income level.
 
You will also pay FICA (Social Security @ 6.2% and Medicare @ 1.45%) taxes, plus the California disability withholding of about $350.
 petermarta
Jan 2, 2013, 10:12 AM
Oh yah.. .  Income is around 65K told to me.
 AtlantaTaxExpert
Jan 2, 2013, 10:33 AM
Using 2012 tax software, your federal tax liability is about $5,959, while California will probably be $1,258.
 
Social Security and Medicare are flat percentages withheld friom every paycheck.  For $65,000, that would be $4,030 and for Medicare that would be $943.