How much do they take out of your weekly paycheck for taxes?
Federal income tax withholding (based on withholding tables in Publication 15) Social Security tax withholding (6.2% up to the annual maximum) Medicare tax withholding (1.45%) State income tax withholding Various local tax withholdings (such as city, county, or school district taxes, state disability or unemployment insurance).
Answered by Sharon M. -
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.
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