Hi -
I live in Atlanta, GA, I earn 48,000 per year, I am married with 1 dependent. What is the percentage of State, federal, medicadre, and social secuity witholding. Please give an example of the calculation.
Thank you
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Hi -
I live in Atlanta, GA, I earn 48,000 per year, I am married with 1 dependent. What is the percentage of State, federal, medicadre, and social secuity witholding. Please give an example of the calculation.
Thank you
Social Security (6.2%) and Medicare (1.45%) are flat taxes that are withheld at the percentages noted.
Georgia state taxes are progressive up to about $20,000, but then are capped at 6% for every dollar over $20K.
The tax for the federal income tax would be $2,211 if you filed jointly with your spouse and assuming that you qualify for the $1,000 Child Tax Credit.
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