You can use the following calculator to determine how much tax will be deducted from your paycheck:
http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is something YOU control and not fixed by law. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year, and depends on all of your income (interest, investments, other jobs, gambing winning, etc), and deductions (some expenses, like mortgage interest) and number of dependents, etc. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted. If not enough was paid as an estimate for ALL your income by this withholding (and other estimated payments through the year), and the amount was substantial you may be subject to interest.
Turtles
Your employer should be able to answer your question about the percentage of taxes that would have been withheld from your gross pay before the checks were printed and given to you. The percentage and amount varies depending on your income and exemptions claimed.
Gross pay to date is the amount of money an employee has earned, up to a certain date, before taxes are taken out. After taxes are taken out it is called net pay.
A pay slip is the paper that is usually attached to a person's pay check. It shows the earnings and taxes taken out of the pay check. It also shows earnings and taxes taken out year-to-date.
Yes.
Turtles
Yes, they pay taxes. Occupation has nothing to do with taxes because it is taken out everyone's pay checks each month. What you earn determines the tax, not what you do. Plus, everyone also pays property taxes, gas taxes, car taxes, and taxes when you buy something. No one escapes except the very rich.
Your employer should be able to answer your question about the percentage of taxes that would have been withheld from your gross pay before the checks were printed and given to you. The percentage and amount varies depending on your income and exemptions claimed.
It is certainly possible to work multiple positions in a company. Typically they do not issue two pay checks. Payroll would combine the two to conserve time and to be sure the correct taxes are taken out. Two checks could result in too much being taken out and even cost the company money.
The percentage that is taken out of your paycheck depends on your exemptions and the amount of money you make. Generally, around 15% is taken out of each paycheck and held for taxes, social security and other fees.
About 80% before taxes.
47%
15
Gross pay to date is the amount of money an employee has earned, up to a certain date, before taxes are taken out. After taxes are taken out it is called net pay.
A pay slip is the paper that is usually attached to a person's pay check. It shows the earnings and taxes taken out of the pay check. It also shows earnings and taxes taken out year-to-date.
Yes.
People pay taxes in many different ways. Taxes are taken out of your paycheck, you pay taxes when you make purchases at a store, and you pay taxes on your home and property.