If I make 60k a year before taxes how much should I expect the government to take out?

3 Answers

1. 
   

   
   

   Carl on Sep 15, 2011 reply

   with SSI and state and federal taxes about one third!

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2. 
   

   
   

   htm182111 on Sep 15, 2011 reply

   From paycheckcity for single status, 0 allowance on W-4, here they are :

   Annual Gross Pay $ 60,000.00
   Federal Withholding $ 10,600.00
   Social Security $ 1,965.60
   Medicare $ 870.00
   Washington $ 0.00
   SDI $ 0.00

   Net pay $ 46,564.40

   Check here :

   http://www.paycheckcity.com/calculator/netpay/us/washington/result.html

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3. 
   

   
   

   Bobbie on Sep 15, 2011 reply

   Gross pay $ 60,000.00
   Federal income tax $ 10,600.00
   Social Security $ 2,520.00
   Medicare $ 870.00
   Washington DC$ 3,740.00
   Net pay (take home) $ 42,270.00
   Effective Withholding Rates

   Federal Taxes
   Federal Income Tax: 17.67%
   Social Security: 4.20%
   Medicare: 1.45%
   Total Federal Taxes: 23.32%

   State & Local Taxes
   Washington DC: 6.23%

   Total Withholding Rate: 29.55%

   http://www.suburbancomputer.com/tips_calculator.php

   Payroll Withholding Tax Calculator

   This easy to use payroll calculator will help you determine your take home pay. It handles both hourly and salary calculations, federal withholding, FICA (Social security), Medicare, and withholding for all 50 states.
   Hope that you find the above enclosed information useful. 09/15/2011

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