Tax info

Does anyone know where I can find a calculator that will figure out the proper payroll taxes on a per-paycheck basis? I’m trying to do some estimates, and can’t seem to find anything to help with that.

I suspect you have to buy some crazy ass accouting package to get one, but I figure I’d ask here first.

About Kevin Sonney

Kevin Sonney - who, contrary to popular opinion was NOT raised by wolves - grew up in central North Carolina. He fell into the technology field by accident in 1991, when he gave up the wild and crazy lifestyle of an on-air AM radio DJ to become a mundane technical support monkey. The technology industry has never really recovered from this. Kevin has worked for such names as IBM, Red Hat, webslingerZ, and Lulu Technologies (we won't mention the ones that didn't survive the experience). He currently works as a Linux Administrator for Apptio. In his spare time he rescues stray animals and plays video games with his two sons. His wife, we're sad to say, helps him get past the really hard bits. Kevin is still not very mundane, he just got better at hiding it.
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5 Responses to Tax info

  1. ratnix says:

    For federal, I think you want Pub 15-T, Circular E, but that my be different for 05. There’s tables in there for what rate (married/single), exemptions (0-n), and gross.

    Poke for “Employer’s Tax Guide.” No idea on the state equivalent.

  2. alchemist says:

    I suppose in reality I want to know how to calculate my tax withholdings per-paycheck, versus what the government is going to charge me on my federal taxes (sine they are two different things in the end).

    What I need is a form to punch in a monthly number, a number of paychecks, and spit out what the Fed withold, soc sec, & etc are, so I can figure out how muc I net per paycheck. I am more and more enamoured with a simple tax or a flat tax now….

  3. ratnix says:

    Ah. Well, what I do is, July, I take a pay stub and mortgage statement, double the numbers for income/withholding/interest, and run a quick 1040 using last year’s form, and see if I’m over/under/close, then use those formulas to see how much I need to adjust exemptions per paycheck to get back to where I want.

    But I’m a sicko who does taxes by hand for ‘fun,’ so.

  4. alchemist says:

    I’m trying to estimate proper sallary/comp numbers when going into the usual review stuff with my manager. I’d like to try to ballpark a livable base salary that doesn’t require a bonus/commission to keep me from bankruptcy every three months.

    I’d rather ahve a lower comp with a higher base right now than a higher comp with a stable base, you know?

  5. gardenwaltz says:

    check this out. let me know if it helps. with bonuses and such, you will want to tweak it from time to time, but this should get you started in the right direction.

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