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    LANCE9905's Avatar
    LANCE9905 Posts: 1, Reputation: 1
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    #1

    Oct 22, 2007, 11:21 AM
    Tax on 500 per week
    If you make 500 per week and claim 7 total dependents,how much state/federal tax will be taken from that check each week?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Oct 22, 2007, 02:01 PM
    A salary of $500 per week is about $26,000 per year.

    If you are married and have five kids, you should state on your W-4 that you are EXEMPT from tax withholding, because, with that many dependents and that low a salary, you will owe NOTHING come tax time.

    Now, if you just want the amount withheld for "7" being claimed as # of exemptions, download Circular E from Internal Revenue Service and look it up!
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