LogFAQs > #876625640

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Topic	"Your hourly wage will be 9.50 an hour."
Holy_Cloud105 04/05/17 9:58:22 PM #26:	RebelElite791 posted... Balrog0 posted... lilORANG posted... you won't be paying a 25% rate at $9.50/hour lol. Not unless you work 80 hours/week. 25% probably isn't that far off. Your income tax is only gonna be like 3% or something, but payroll and medicare taxes already get you more than halfway to 25 12.5% and 25% is "that far off," assuming that's even a correct estimate. And he won't be paying anything in federal tax and probably nothing in state tax. I had to pay city, state and federal tax in NYC making 9.50 an hour working only 25 hours a week. I lost about 100 a week in taxes. --- Official Aqua of the Kingdom Hearts 3 board. <cite>Holy_Cloud105 posted [p:876625640] in "Your... [t:75202952]...</cite> <quote><cite>RebelElite791 posted...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>lilORANG posted...</cite> <quote>you won't be paying a 25% rate at $9.50/hour lol. Not unless you work 80 hours/week.</quote> 25% probably isn't that far off. Your income tax is only gonna be like 3% or something, but payroll and medicare taxes already get you more than halfway to 25</quote> 12.5% and 25% is "that far off," assuming that's even a correct estimate. And he won't be paying anything in federal tax and probably nothing in state tax.</quote> I had to pay city, state and federal tax in NYC making 9.50 an hour working only 25 hours a week. I lost about 100 a week in taxes. --- Official Aqua of the Kingdom Hearts 3 board.</quote> ... Copied to Clipboard!
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