Here you can calculate federal payroll taxes for
your regular wages like weekly, bi-weekly, semi-monthly or monthly pay. Based
on your marital status, exemptions in your federal W-4 withholding form, you
can estimate payroll taxes. When an employee works in states like TX, (and
other 8 states), she/he is subjected to only federal taxes as there are NO
payroll taxes at state level. This tax calculator computes payroll taxes for
Regular Wages.
Payroll taxes comprise of employee liable as well as employer liable taxes. These payroll taxes include withholding, social security, Medicare and unemployment.
You may also enter 401k employee and employer contributions in the input screen to arrive at the net pay. You can also enter YTD wages and YTD taxes to arrive at the net pay accurately to account for auto-adjust payroll tax calculations.
No comments:
Post a Comment