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| *Ostroff, Fair and Company>>>Canada Taxes |
What do you pay every two weeks in taxes? |
If I make about $880 a paycheck, how much goes to taxes? An arm and a leg. Look on your pay stub. 20-23% or so. I pay 83.27 in taxes every two weeks That depends on what you're doing for a living and your age... my taxes have always been different from one job to another. most people pay around 25% to 30%... depending on your position and stuff... look at your w-2 form you filled out.. whatever you signed for thats your precentage of taxes out.. ask you HR manager. he/she can break it down. but usually its between 100- 500 taxes out on that salary amount. It depends on what you claim as your taxing status - which is why you are supposed to fill out a w-4 at every job you have. If you are single and supporting yourself - you are normally single with one exemption. A surprisingly high amount of people claim single with no exemptions - which is the highest tax bracket you can be in!! (I do payroll for a living) A majority of people have no idea why they are paying so much in taxes, there are a lot of legal ways you can manipulate the amount you will pay and normally come out even at the end of the year. |
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