other taxes
How much should be taken out for taxes (and other basic tax questions)?
I have no dependents, only myself. I’m at a point now where I’m pretty much forced to claim myself throughout the year (as opposed to 0, then 1 at tax time). So I’m trying to figure out what percent the government is supposed to take out for my taxes. I live in TN, so I don’t have a state tax. I’d like to know the percentage for Fed Tax, FICA, and Medicare.
Also, I just switched to a lower-paying job. At my old job (which I still have PT), they took out “Fed Tax,” “FICA,” and “Medicare” (aside from various insurances). At this new job, they only take out “FICA.” What is FICA and why am I not having Fed Tax and Medicare taken out? Can I count on these not being taken out in the future? I really appreciate the help, guys.
HEY-
USE THIS TO GET TO THE IRS WEBSITE PUBLICATION 15-A. DOWNLOAD IT- IT HAS ALL THE WITHHOLDING CHARTS YOU NEED AND EXPLAINS WHAT YOU NEED TO KNOW.
—–STEVE
http://www.irs.gov/pub/irs-pdf/p15a.pdf
No one owes taxes
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