How Do Taxes Affect a Paycheck?

Answer The United States government, as well as most states (and possibly) local governments, take their fair share out of your paycheck to pay for the services that these authorities provide. While some ... Read More »

Top Q&A For: How Do Taxes Affect a Paycheck

How do I calculate my taxes due on my paycheck?

It is your employer's responsibility to calculate the taxes due on your paycheck, and withhold them and send them to the appropriate state and federal authorities. You can calculate your payroll ta... Read More »

What do i claim to get 0 taxes out of a paycheck?

To have no tax withholding taken from your paycheck, you need to claim "Exempt" on your Form W-4. The criteria for claiming exempt are: (1) you had no tax liability for the previous year and got a ... Read More »

How do I calculate FICA taxes on a paycheck?

Calculate Medicare TaxMultiply the Medicare tax rate by the amount of your paycheck. As of 2010, the Medicare tax rate equals 1.45 percent for employees. For example, if your paycheck was $2,300, y... Read More »

How much of my paycheck goes to federal taxes?

The percentage of your paycheck that goes to federal taxes may depend on your marital status, disability, expenses, number of children, occupation and other relevant factors. This can range from 10... Read More »