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

    May 25, 2009, 09:13 PM
    Payroll Deductions
    I live in Florida, I am self-employed. I want to calculate how much taxes to deduct from my weekly check. I want to start paying taxes quartly. I do not want to wait for my 1099 to pay taxes.

    How do I calculate the withdrawals? I am married with 1 child (18 years old, but she works). My wife is not employed.
    FIFTYFIVE's Avatar
    FIFTYFIVE Posts: 1, Reputation: 1
    New Member
    		  
    #2

    May 26, 2009, 06:45 PM

    As a single person making $9.00 hr at 40 hrs a week, what would be my take home pay?
    dawgsnkats's Avatar
    dawgsnkats Posts: 130, Reputation: 7
    Junior Member
    		  
    #3

    May 29, 2009, 07:01 AM

    Elder, withhold from your check these rates and you should be covered. FICA 15.3% on the first $107,000 you make. For Medicare 1.45% of everything you make. You can claim your child still as long as she lives with you and you provided more than half of her support. I would file Married with 3 exemptions. Use the calculator at this site for that answer: IRS Withholding Calculator Hope this helps.
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