Ask Experts Questions for FREE Help !
Ask
    electronish's Avatar
    electronish Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jun 1, 2007, 12:11 PM
    Taxes applicable for CPT (F-1)
    hey , I am working for a company in Connecticut and I am getting
    paid 57,000 /yr = $4750 /month Now, how much tax will I have to pay per month ? And I saw somewhere that there will be difference in first and later paychecks, Is it true ?

    Should I ask my employer to deduct the tax OR I should pay it later ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 4, 2007, 07:41 AM
    By law, your employer must withhold federal and state income taxs, along with FICA (Social Security and Medicare) taxes.
    electronish's Avatar
    electronish Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Jun 6, 2007, 09:32 AM
    Quote Originally Posted by AtlantaTaxExpert
    By law, your employer must withhold federal and state income taxs, along with FICA (Social Security and Medicare) taxes.

    ?
    I have always known that For CPT (on F-1 visa) we don't have to pay social security and medicare,

    Anywyas, what will the amount of tax ? More or less than 20% a month?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jun 7, 2007, 08:58 AM
    What country are you from?
    electronish's Avatar
    electronish Posts: 5, Reputation: 1
    New Member
    		  
    #5

    Jun 7, 2007, 07:12 PM
    I am from India , on F-1 VISA. This is my first Year , I am on CPT from June 1st. I am working in a company for software development ! ( I am a full-time , direct employee(NO consultants))!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Jun 13, 2007, 10:31 AM
    About 20% is correct!
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Taxes for F1 student worked in CPT & OPT [ 1 Answers ]

I am an Indian student worked full time during CPT(Curricular Practical Training) and OPT for almost an year. I worked as an independent contractor for the entire time. I made around $97,000 which is now reported on the 1099-misc form. I will be filing 1040NR and Schedule C. I have also incurred...

Cpt+opt taxes [ 3 Answers ]

Thanks for you reply. This is in continuation of my previous question. My federal witholding from my first employer is 1463.18 , wages shown in box 1 is 13,650 And from my second employer is 958(federal witholding) And my wages in box 1 is 7,500 I would like to know how much returns I can...

CPT+fed and state taxes [ 3 Answers ]

Hi, I have been on F1-CPT in the state of CO while studying for 8 months in the year 2005. My employer did not withhold any taxes. So, I assume that I have to pay Federal and state taxes this year. My income for 2005 has been $11,600. I assume I have to pay around $550 in Federal and $165 in state...

F1+OPT - applicable taxes [ 1 Answers ]

Hi, I am from India and just graduated from college and am on F1 with an OPT now. I work for a company in California paying me 55k annually and I am likely to make another 8k-10k on overtime. I know that I do not need to pay medicare and social security while on F1. What are the other deductions...

CPT Taxes [ 1 Answers ]

I filled my taxes with a taxes associates. He filed 1040A form , though I am on F1 status. I just realised I need to fiile 1040EZ-NR/1040NR. I filed 2 weeks back. Yt to receive info from IRS. Is this going to ceate a problem. IS IRS going to know that Iam a Non-resident alien? Please give me...

View more questions Search