If you claim 2 on the W4 and live and work in New Jersey and gross 70,000
What is the amount of taxes or percentage taken out biweekly

If you are married, the employer will withhold $289 from your bi-weekly paycheck.

If you are single, they have to use they percentage method, which means they will withhold about $510 from your bi-weekly paycheck.

This is FEDERAL income taxes only.

For Social Security, it is 6.2%.

For Medicare, it is 1.45%.