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    djacksa's Avatar
    djacksa Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 25, 2007, 07:49 AM
    No taxes taken out of paycheck
    I just started working for a small business daycare and there are no taxes taken out, we are paid with hand-written business checks but, I was asked to fill out a w-4 for (2007) just wondering what to do or how this works at the end of the year or if I should be taking taxes out myself each pay period (bi-weekly).
    djacksa's Avatar
    djacksa Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Feb 25, 2007, 07:50 AM
    I don't know the answer
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Feb 25, 2007, 09:02 AM
    If you paycheck is so low often it falls under the amount to have withholdings, my wife's check is like that and we started having them hold a small amount out each week.

    If your check is not that low go ask them what they do about withholdings,
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Feb 26, 2007, 10:40 AM
    Fr Chuck covered the essentials.

    If your annual salary falls below $8,450, nothing SHOULD be withheld from your salary as you do not even have to file a tax return.
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