Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Why am I paying 35% in deductions on $8056 in taxable wages?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]withholding is NOT tax. That said, I'm not even sure what you are calling withholding is withholding. I have a feeling that 7.65S% is medicare and social security. If it is, then you are having 27% withheld. Assuming that you make about $210K, that would be about 20-22% federal and 5%-7% state, which is about right (the federal is right for the marginal tax bracket, but doesn't consider that most of your income is taxed lower). Either way, talk to your HR department and they can show you how to calculate it.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
