How can you figure a payroll tax?

Answer by  Dean (4035)

The federal government and state governments issue charts with payroll taxes calculated based on income, pay schedule and claimed dependents. Payroll software incorporates these schedules and makes deductions accordingly. You can access the charts online, or you review your payroll deductions to get an approximate percentage that is deducted each pay period.

Answer by  Chaneygirl (1755)

Social security and medicare is 7.65% of your gross wage. Your Federal and/or state withholding is calculated using the W-4 form (ie single,zero) and using the tables (available on irs.gov)