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-   -   Tax on 500 per week (https://www.askmehelpdesk.com/showthread.php?t=143582)

  • Oct 22, 2007, 11:21 AM
    LANCE9905
    Tax on 500 per week
    If you make 500 per week and claim 7 total dependents,how much state/federal tax will be taken from that check each week?
  • Oct 22, 2007, 02:01 PM
    AtlantaTaxExpert
    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 and look it up!

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