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.
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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.
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.
Oh yah.. . Income is around 65K told to me.
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.
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