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Voting Question: What percentage of tax money does Uncle Sam take out of my overall paycheck?

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  • Voting Question: What percentage of tax money does Uncle Sam take out of my overall paycheck?


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Answer #1 | 21/12 2013 09:02
probably half when you consider all the taxes you pay when spending
Answer #2 | 21/12 2013 11:57
7.65% for FICA and the amount of income tax will depend on how you filed your W-4 with your employer
Answer #3 | 21/12 2013 12:07
Uncle Sam does not take out the same percentage from everyone's pay. Uncle Sam requires, without exception, that employers must follow non-linear tables, which means that a higher percentage gets taken from some workers and a lower percentage from others. It could be as little as 7.65%, or over 35%, or anywhere in between.
Answer #4 | 21/12 2013 18:48
When a employee with a employer for that tax year and pay period FICA social security and medicare tax amounts would be 7.65a% up to the limited cap amount for the social security income for that tax year and the employer also does match those amounts. Go to the www.irs.gov website and use the search box for the publication 15 for this purpose and time in your life. Go to the www.irs.gov website and use the search box for Publication 15 and then go to Chapter 16 ■Income Tax Withholding ■Social Security and Medicare Taxes Chapter ◦14. Federal Unemployment (FUTA) Tax 16. How To Use the Income Tax Withholding Tables Wage Bracket Method Percentage Method Alternative Methods of Income Tax Withholding www.irs.gov/publications/p15/index.htm… http://www.irs.gov/publications/p15/ar02.html#en_US_2013_publink1000202541 Hope that you find the above enclosed information useful. 12/21/2013
Answer #5 | 23/12 2013 10:12
Depends on what you make and how you fill out your W4. Anywhere from 8-40% plus CA state tax

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