Here’s a question, that I was having trouble at work with.
Lookin’ at my pay stub, I get whacked for the following:
[ul]
[li]Federal Taxes[/li][li]FICA-Soc Security (I know the percentage)[/li][li]FICA-Medicare (I know this percentage too)[/li][li]SGLI (A flat rate, I think)[/li][li]Mid-Month Pay[/li][/ul]
I’m working on figuring out my next few months’ budgets, and am trying to predict (within a few dollars accuracy) my next few paychecks. I know the FICA-Soc Security rate is 6.2% of my base pay, and my FICA-Medicare is 1.45% of my base pay. SGLI (my life insurance policy) is a flat rate, and my mid-month pay is just a deduction for my other paycheck (I get a complete, detailed paystub every month).
I just can’t find a link or website with my Federal taxes. It seems to float around 15% or so. What the heck are the rates/deductions for taxes? I know they’re based on ‘brackets’ but I could tell you with the accuracy of a snowball in Hades what my bracket is.
Any help?
Tripler
The spreadsheet I’m writing will be available to anyone who wants a copy.