Friday, January 20, 2012

Withholding Percentage. How do they calculate your taxes in your check?

What is the percentage calculated when my deductions are taken from my check? Does anyone know? I live in Florida.......Withholding Percentage. How do they calculate your taxes in your check?
Go to PayCheckCity, enter your data, and it will compute your deductions and take home pay:

http://www.paycheckcity.com/netpaycalc/n鈥?/a>Withholding Percentage. How do they calculate your taxes in your check?
Talk to your payroll function. It is based on what YOU specify on your W-4 form.Withholding Percentage. How do they calculate your taxes in your check?
The paycheck taxes are based on the w4 exemptions you specify.



Use a w4 calculator -



http://www.qcktax.com/w4-calculator.php
Here is a link to the IRS document that explains how withholdings are calculated. (Just go to www.irs.gov and type withholding calculator in search.)

http://www.irs.gov/pub/irs-pdf/p15.pdf
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