ive been working and it said id get paid 150 but tax made it 138.52 so how much is tax gonna take out of my check of 906.25

1 answer

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.

  1. Calculate the tax withheld from the first paycheck:

    • Gross Pay: $150
    • Net Pay: $138.52
    • Tax Withheld: $150 - $138.52 = $11.48
  2. Calculate the tax rate:

    • Tax Rate = Tax Withheld / Gross Pay
    • Tax Rate = $11.48 / $150 = 0.0765 (approximately 7.65%)
  3. Estimate the tax for your current paycheck of $906.25:

    • Tax Estimated = Gross Pay * Tax Rate
    • Tax Estimated = $906.25 * 0.0765 ≈ $69.26
  4. 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.