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-   -   Federal taxes (Tax bracket) for opt students (https://www.askmehelpdesk.com/showthread.php?t=670166)

  • Jun 12, 2012, 06:25 PM
    vpannam
    Federal taxes (Tax bracket) for opt students
    Hi,

    How much federal tax (%) should I pay monthly if I earn about $70K per year or about $35/hr considering as 40hrs/week.

    Thanks,
    Nani
  • Jun 13, 2012, 04:57 AM
    AtlantaTaxExpert
    Assuming you are single and can file as a resident, your FEDERAL tax liability for the year will be about $11,244. That is about 16%.

    FICA (Social Security and Medicare) are flat taxes assessed at 4.2% and 1.45%, respectively.

    State taxes depend on the state.

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