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July 23, 2014

July 23, 2014

Posted by **roek** on Friday, October 2, 2009 at 7:56am.

- tax question -
**drwls**, Friday, October 2, 2009 at 10:49amAre you talking about federal or state withholding? Most states (and IRS) have a progressive tax rate than increases with income about a certain threshhold income level, below which no tax is owed. At $12,800 annual income, I doubt whether you need to withhold any income tax at all. Your biggest withholding will be for Social Securiy (FICA) -- which could be as high as 8% of income.

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