How much will I make after taxes??

how much i make after taxes

I'm trying to budget my money well to save up for college. I make 74.25/day. Or well 8.25/hour. I'm a student in high school and I live in New York. I know my boss will be giving me a W-2 and I'll be claimed with either 0-1 dependents. I tried calculating it on paycheckcity, but I'm not familiar. show more I'm trying to budget my money well to save up for college. I make 74.25/day. Or well 8.25/hour. I'm a student in high school and I live in New York. I know my boss will be giving me a W-2 and I'll be claimed with either 0-1 dependents.

Answers

You work 9 hours a day? I hope you aren't planning to do this when the school year starts up again.

The tax

they take out of each paycheck depends on your W-4 info, and each paycheck is taxed like you make that much every pay period all year. So if you work 9 hours a day in the summer but much less during the school year, they'll take out a higher percentage from the larger checks.

They'll deduct 7.65% for social security and medicare from each check, or about $28. They'll probably take a little under $35 a week for federal income taxes as long as you are working full time. They'll also take around $19 per week for NY state tax. Depending on where in NY you live, there might also be local tax.

These estimates are rough, but should give you some idea of what you'll get.

Judy · 8 years ago

Source: answers.yahoo.com

Category: Taxes

Similar articles: