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If I am making $30,000 USD salary in Florida, what kind of percentage of taxes will be taken off approximately? I have no dependents. Thanks in advance.
No FL tax, but there will be Federal withholding, FICA (Medicare and Scoial Security). The 2005 tax tables say about $4,200 ultimate tax for a single 1040 filer, not including FICA.
I am new to this US tax thing, so basically my net salary will be $25,800 USD, right? That being said, it's 14% in taxes deducted. So if I'm making $100/day gross, I'm taking home $86.00/day net, correct? Thanks in advance.
Carson wrote: The 2005 tax tables say about $4,200 ultimate tax for a single 1040 filer, not including FICA.
How much $$ will the FICA taxes be? Also why would I pay for medicare taxes, does that mean I receive medicare?? I am using Blue Cross to cover me when I go there.
Your FICA taxes will be about 7%. Yes you must pay these regardless of whether ort not you will eventually use medicrae or Social security.
Your salary seems awfully low.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
nelsona wrote:Your FICA taxes will be about 7%. Yes you must pay these regardless of whether ort not you will eventually use medicrae or Social security.
Your salary seems awfully low.
Ok so in total I would be looking at 21% in total tax deduction for $30,000? Sorry for all the questions, I'd just rather be safe than sorry.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
