Income Tax Question

NJres
Thu, 17 Aug 2006 12:27:40 +0000

depends on how many exemptions you claimed on your W-4 for federal withholding. Is this your first job this year? How much do you expect to make this year? If you are making like less than $5k this year and they are not overwithholding I am going to guess 7.65% for social security and medicare (that one I am sure of!) + 2% state (rapidly sliding scale up to 6%) and 10% fed, so… around 15% minimum. Sux, doesn’t it?