Paycheck Taxes Explained

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10 Reasons to make PayStub

Posted by on Feb 14, 2016 in Pay Check Stubs, Paycheck Taxes Explained | Comments Off on 10 Reasons to make PayStub

Keeping track of your employees Make and keep accurate and complete records for all of their employees (eg. time worked and wages paid). Issue pay slips to each employee. Easier Payroll process Pay your employee(s) (either weekly, bi-weekly, bi-monthly or however). Withhold the proper amount from each paycheck, keep track of the totals either with accounting software or manually. Deposit the total Federal Taxes (Income, Social Security and Medicare) owed monthly to the IRS. If applicaple, deposit income or other State taxes to your State’s taxing authority (this could be bi-weekly, monthly...

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Protecting yourself and keeping a pay stub

Posted by on Feb 5, 2014 in Pay Check Stubs, Paycheck Taxes Explained, Showing wealth series | Comments Off on Protecting yourself and keeping a pay stub

Learn about BillGuard. It take control of your spending habits. It is a personal finance platform that lets users track everything from where they eat out the most to what spending habits are costing them the most money. Even discover so-called “gray charges,” including forgotten subscription charges and hidden fees. With the recent addition of two new features – Spending Analytics and Smart Savings – BillGuard is ready to help customers be more proactive in how they spend their money. The analytics feature allows users to track their spending over several months. Organizing each expense...

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North Carolina Paycheck paystub calculator

Posted by on May 5, 2013 in Featured, Pay Check Stubs, Paycheck Taxes Explained | Comments Off on North Carolina Paycheck paystub calculator

Our North Carolina Paycheck Paystub calculator shows you that it’s quite simple to figure out the taxes. The taxes are a little high. Basically it just figures 7%. If you make more than 100k on your North Carolina paycheck paystub, then you’ll spend a little more on taxes, but, only .75 of a percent. that’s .0075. Not very much. If you make less than 21,500$ on your North Carolina paycheck paystub, you’ll be charged only a little less, about 6%, or .06 times your taxable amount. Be sure to check out our North Carolina Paycheck paystub calculator. It will do all the...

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Tax Brackets and your Paystub explained – Paystub Maker

Posted by on Apr 11, 2013 in Paycheck Taxes Explained | Comments Off on Tax Brackets and your Paystub explained – Paystub Maker

A brief breakdown of your paystub and the federal withholding tax. It is really quite simple. What confuses people when they compare the table given below, and their paycheck is that people automatically think that it is a percentage of their whole income. This is not the case, your tax brackets on your paystub are progressive. Which means you get taxed on different levels differently. The first level is taxed at one level and then the next at a different level until you reach your final level. So, for example, 2 people make 34,000 and 36,000 respectively. If you look at the table,...

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Federal Tax Witholdings from your paycheck explained

Posted by on Oct 29, 2012 in Pay Check Stubs, Paycheck Taxes Explained | Comments Off on Federal Tax Witholdings from your paycheck explained

There are 3 main withholdings that pertain to the federal government only. There are others, but, we are only describing the three main ones that every paycheck will have. Social Security = 6.2% of the first $110,100 in 2012 Medicare = 1.45% of the total Federal tax = Refer to tables below (single, or dual) Income Pay + % of Amount Over < $2,100 $0 0% $0.00 < $10,600 $0.00 10% $2,100 < $36,600 $850.00 15% $10,600 < $85,700 $4,750.00 25% $36,600 < $176,500 $17,025.00 28% $79,725 $381,250 $110,016.50 35% $381,250 If you are filing as a married couple, or not the head of...

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What are tax brackets

Posted by on Jun 29, 2012 in Pay Check Stubs, Paycheck Taxes Explained | Comments Off on What are tax brackets

Tax brackets If you make < $20,000 Your tax would be 5% If you make > $20,001 and < less than $60,000 Your tax would be 7% If you make > %60,000 you then would be taxed at 9% Take, for example, two employees. One comes in an extra hour on Saturday to do some work. They get paid 10$ per hour, so one makes $59,995 and the other makes $60,005 in that year. They are only 10$ apart from each other, but, in a different Tax Brackets. First employee will take home 59,995 – (59,995 x .07) = $55,795 Second employee will take home 60,005 – (60,005 x .09) =...

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PayCheck Stub Online

PayCheck Stub Online

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