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Asked by: epondel
I just got a job and I make 7.25 an hour but how much of that 7.25 would i get to keep?
Bobbie on Jul 25, 2012
W-4 Employee’s Withholding Allowance Certificate
Very simple and easy fill in the W-4 correctly and completely and just claim Single and -0- ZERO Allowances and then sign the completed W-4 form and give it to you employer at that time for the purpose of your federal income tax withholding amounts if any would be required to be withheld depending on the amount of your GROSS income for each pay period at that time.
And then if they should withhold any amount of $ $ out for the FIT amount as an estimated advance payment of any possible income tax liability that you might have when you correctly complete your 1040 income tax return during the 2013 income tax filing season and you receive your W-2 form from your employer around the middle of January 2013 and if you have a $ $ amount in the Box 2 for FIT you will get a credit for that $ $ amount on your 1040 income tax return and might qualify to get some are all of the withheld amount back as a REFUND amount when you correctly complete your 1040 income tax return print a copy for your records and sign the copy to send to the correct IRS address for processing during the 2013 tax filing season.
Guesstimated amount using your above enclosed information for this purpose and MY guess that you will work 30 hour during your 1 week pay period for this Guesstimate at this time. Good luck
Gross pay $ 217.50
Federal income tax $ 18.06
Social Security $ 9.14
Medicare $ 3.15
South Carolina$ 9.46
Net pay (take home) $ 177.69
Hope that you find the above enclosed information useful. 07/24/2012
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Judy on Jul 25, 2012
Uh, how many hours do you work a week? They’ll take 38.425 cents an hour out for social security and medicare, and maybe also something for federal income tax and state tax.
tro on Jul 25, 2012
probably the same in most any other state, 5.65% is withheld for FICA, maybe 1% for a state employee tax and the amount of your income tax will depend on how you filed your W-4 with your employer
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