money






 

Question by  puppiesarebabies (18)

What percentage of wages is withheld in federal taxes?

 
+6

Answer by  Kdm (180)

It depends on what your total wages are for the payperiod and what allowences you have on your W-4. If your income is in the 15% tax bracket then you will have 15% of 92. 35% of your wages for that payperiod(estimate). It roughly calculates out to be $140 per allowence.

 
+5

Answer by  Kurt (4579)

The percentage of wages withheld for taxes depends on the W4 form status that you claim. Example - single with zero is much higher than married with four.

 
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