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    petermarta's Avatar
    petermarta Posts: 3, Reputation: 1
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    #1

    Jan 2, 2013, 07:51 AM
    Tax calculation
    Hi,

    My company is planning for L1 visa inter company tranfer.

    I wanted to know how much tax I will need to pay and how to calculate it

    I will travel with my wife not working to Polo alto CA.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 2, 2013, 10:05 AM
    Assuming you are speaking of 2013, you will pay federal and California state income taxes; the rate depends on your income level.

    You will also pay FICA (Social Security @ 6.2% and Medicare @ 1.45%) taxes, plus the California disability withholding of about $350.
    petermarta's Avatar
    petermarta Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Jan 2, 2013, 10:12 AM
    Oh yah.. . Income is around 65K told to me.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jan 2, 2013, 10:33 AM
    Using 2012 tax software, your federal tax liability is about $5,959, while California will probably be $1,258.

    Social Security and Medicare are flat percentages withheld friom every paycheck. For $65,000, that would be $4,030 and for Medicare that would be $943.
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