Ask Experts Questions for FREE Help !
Ask
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #1

    Dec 12, 2006, 10:40 PM
    Taxes
    If I was a waiter at the Duluxe Lounge. In my first weekly pay in March, I earned 120.00 for the 40 I worked. In addition, I reports my tips for February to my employer(450.00), and the employer withholds the appropriate taxes for the tips from this pay in March. I would I calculate my take home pay assuming the employer withheld federal income tax I'm married with 2 allowances, social security taxes, and state income tax(2%).
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Dec 13, 2006, 10:32 AM
    I cannot help you, as I would need to access the withholding tables to do this calculation, something I will NOT do without compensation for my time and effort.

    Sorry!
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #3

    Dec 13, 2006, 01:07 PM
    Well do I take take the withhelding from the 450 or the 120.

    Can you give me a hint of how this problem suppose to be solve
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Dec 13, 2006, 02:47 PM
    In my opinion, you take the withholding from BOTH (450 + 120).
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #5

    Dec 13, 2006, 10:10 PM
    Quote Originally Posted by AtlantaTaxExpert
    In my opinion, you take the withholding from BOTH (450 + 120).

    Thank you
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Dec 14, 2006, 08:49 AM
    Glad to help!

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Taxes [ 1 Answers ]

If you were age 48 and was paid a salary of 42,640. You just decided to joina company simple plan retirement account. What is the maximum you can contribute into the retirement fund? What would the company contribute? What would be your weekly take home pay with the retirement contribution...

Taxes [ 3 Answers ]

If you had a semimonthly salary of 6800 how would you compute the Fica taxes That would be withheld from your 9th pay check 14th pay check 24th pay check

Taxes [ 3 Answers ]

Hi, I was on OPT from May 30th 2005 till my H-1 began on Nov 16th 2005. I began working on July 1st 2005. I was recently told that I did not have to pay SS taxes and mediccare for the time I was on OPT. Please let me know what I need to do. Cheers Sabata

Filing for 2004 taxes and 2005 taxes [ 1 Answers ]

Hi I just received my W2 from my employer and there were 2 W2's. One W2 was for the wages of Dec 2004 (since the employer pays 1 month delayed salary) and the other one was for Jan - Nov 2005. I want to know if I can refile my 2004 taxes since I just got my Dec 2004's W2. If I add that...


View more questions Search