How much do taxes take out of a pay check in NJ?
In New Jersey, rates for income tax years beginning on or after January 1, 2004, range from 1.4% - 8.97%. Federal taxes, medicare, and social security can also be withheld. For more information indicate the income tax bracket.
Answered by Melissa B. -
About Income Tax
The Income Tax is a tax imposed by the Federal, most states and local governments. The income tax is determined by applying a tax rate to an income bracket. In 2011, taxes are due on April 15th.
About Federal Tax
Federal Taxes are administered through the Internal Revenue Service (IRS), a bureau of the Treasury. The US tax code is intended to provide revenue for the federal government. Federal taxes are also for public policy reasons, such as encouraging home ownership.
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