I Make 360.00 dollars a week and filing 2 dependants how much taxes is taking out?

Question

I Make 360.00 dollars a week and filing 2 dependants how much taxes is taking out?

Answer 1

If you are Canadian about 200 dollars in taxes.

If you are American about 100 dollars in taxes.

:) Arn't governments great. They take your money so you can work in their country.

Answer 2

Well is the 360 your take home or gross?  If you look at your paycheck stub it will break down how much tax you are paying as well as any other deductions from your check.

Answer 3

www.paycheckcity.com will let you enter all your details and give you an answer

Answer 4

If you are asking about your tax liability it goes like this:

$360 x 52 weeks/year = $18720

You are "head of household" so your standard deduction is $7850

You have 2 dependents - so you get $13600 in personal exemptions for yourself and for them.

Your taxable income is $8520

Your tax is $852

So your employers should be taking out about $33 per week.

But this is all based on 2007 tax tables.  For 2008 it will be a little more.

Answer 5

About $28 for social security and medicare, and maybe a few dollars for federal income tax if any.  Depending on where you live, there might be state taxes also.