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    melissascott's Avatar
    melissascott Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 29, 2008, 02:32 PM
    How much tax comes out of 866.66 every two weeks.
    I just got a new job. I want to figure out how much bring home money I'll have after taxes. I would like to purchase insurance for my family, and wanted to see if there will be enough money left over. I will be making 866.66 every two weeks before taxes.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Oct 30, 2008, 01:47 AM

    Employer will withhold 6.2% SS tax and 1.45% Medicare tax. Federal income tax withheld and state income tax withheld depends upon what you claim on your W4 and equivalent state form. If you claim more allowances on W4, employer will withhold less federal income tax.

    Go to PaycheckCity.com | Web-Based Paycheck Calculators. It has many useful calculators. If you want to find out what your pay check will be then you can use this link: PaycheckCity.com | Sign On to your account

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