Paycheck income tax question

Medio

All Star
Joined
Oct 15, 2012
Messages
4,022
Reputation
85
Daps
6,816
Reppin
New York
At my first paycheck at my job I got 17% taken out for taxes which is expected
,but the week after I made a few hundred dollars more and got about 23% took out which is too much I think.

So I just calculated the individual taxes being took out and all the percentages are consistent from paycheck 1 to paycheck 2 except Federal Income Tax and State Income Tax, Federal jumped from 7.6% to 11.6% and State 1% to 3.3%. Is this normal for such a large increase from a paycheck increase of a few hundred more dollars?
 

unit321

Hong Kong Phooey
Joined
May 2, 2012
Messages
22,214
Reputation
1,815
Daps
23,103
Reppin
USA
At my first paycheck at my job I got 17% taken out for taxes which is expected
,but the week after I made a few hundred dollars more and got about 23% took out which is too much I think.

So I just calculated the individual taxes being took out and all the percentages are consistent from paycheck 1 to paycheck 2 except Federal Income Tax and State Income Tax, Federal jumped from 7.6% to 11.6% and State 1% to 3.3%. Is this normal for such a large increase from a paycheck increase of a few hundred more dollars?
Yes, that's normal.

What really matters is when you file your income taxes next year. If you paid more in taxes from 1-1-2013 to 12-31-2013, then you'll get it back. If you didn't pay enough, you'll owe money.
 

Morph

Rookie
Joined
Jan 10, 2013
Messages
338
Reputation
0
Daps
279
Reppin
NULL
So I just calculated the individual taxes being took out and all the percentages are consistent from paycheck 1 to paycheck 2 except Federal Income Tax and State Income Tax, Federal jumped from 7.6% to 11.6% and State 1% to 3.3%. Is this normal for such a large increase from a paycheck increase of a few hundred more dollars?

Yeah, that's normal. When you make more money, you fall into a higher bracket. In some states, when you file for income taxes, the state tax is supposed to be like 10% of what you paid in the federal tax. So if you paid 3000 in federal taxes, your state tax should be 300 dollars.
 

Medio

All Star
Joined
Oct 15, 2012
Messages
4,022
Reputation
85
Daps
6,816
Reppin
New York
Yeah, that's normal. When you make more money, you fall into a higher bracket. In some states, when you file for income taxes, the state tax is supposed to be like 10% of what you paid in the federal tax. So if you paid 3000 in federal taxes, your state tax should be 300 dollars.

yea it's whack because the first check was the first week, only one week of a pay but 17% tax.. but the second check was the second and third week but 23% tax. if this was divided weekly it'd be 17% im guessing, makes no sense and its annoying to me.

Was that extra pay overtime?

yea 8 of the hours were yea :gladbron:
 

88m3

Fast Money & Foreign Objects
Joined
May 21, 2012
Messages
89,007
Reputation
3,727
Daps
158,454
Reppin
Brooklyn
At my first paycheck at my job I got 17% taken out for taxes which is expected
,but the week after I made a few hundred dollars more and got about 23% took out which is too much I think.

So I just calculated the individual taxes being took out and all the percentages are consistent from paycheck 1 to paycheck 2 except Federal Income Tax and State Income Tax, Federal jumped from 7.6% to 11.6% and State 1% to 3.3%. Is this normal for such a large increase from a paycheck increase of a few hundred more dollars?


Welcome to New York


:blessed:
 
Top