I got my first job, how much will they take out for state and federal taxes?
Also the job is union, how much will they take out for that?
Public Comments
- Depends on the state. Go to www.irs.gov and look at Circular E to get your federal withholding tax tables. The combined FICA taxes are 7.65% from gross earnings. State taxes come from your state's website. Union dues - talk to your union rep.
- As a rule of thumb,if you work five days and 40 hrs per week,the fifth day is the day you work for Uncle Sam.
- Are you still a student? Are you saving for university? If so, then you probably won't pay any taxes. If you're not a student then 1/4 of the gross for everything would be a good rule of thumb. I've never seen union dues any higher than $50/mth.
- Thomas F is the 'Best Answer'. Here is a link to the IRS publication he mentioned. http://www.irs.gov/publications/p15/index.html
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