Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Tax calculation (https://www.askmehelpdesk.com/showthread.php?t=725588)

  • Jan 2, 2013, 07:51 AM
    petermarta
    Tax calculation
    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.
  • Jan 2, 2013, 10:05 AM
    AtlantaTaxExpert
    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.
  • Jan 2, 2013, 10:12 AM
    petermarta
    Oh yah.. . Income is around 65K told to me.
  • Jan 2, 2013, 10:33 AM
    AtlantaTaxExpert
    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.

  • All times are GMT -7. The time now is 01:42 PM.