To estimate how much tax will be taken out of your paycheck of $906.25 based on your previous paycheck where you earned $150 and received $138.52 after tax, we first calculate the tax amount from that paycheck.
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Calculate the tax withheld from the first paycheck:
- Gross Pay: $150
- Net Pay: $138.52
- Tax Withheld: $150 - $138.52 = $11.48
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Calculate the tax rate:
- Tax Rate = Tax Withheld / Gross Pay
- Tax Rate = $11.48 / $150 = 0.0765 (approximately 7.65%)
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Estimate the tax for your current paycheck of $906.25:
- Tax Estimated = Gross Pay * Tax Rate
- Tax Estimated = $906.25 * 0.0765 ≈ $69.26
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Calculate net pay:
- Net Pay = Gross Pay - Tax Estimated
- Net Pay = $906.25 - $69.26 ≈ $836.99
So, you can expect about $69.26 to be taken out in taxes from your check of $906.25, resulting in an approximate net pay of $836.99. Keep in mind this is a rough estimate, and actual tax withholdings may vary based on other factors, such as deductions or additional withholdings.