if i earn 1760 a month and my tax deductions are 272 a month. how much would i pay for the annual tax on april?

February 20th, 2010

i wanted to save for tax season next year but i dont know how much to save. my deductions are really small and im afraid that i will be paying for a lot so im trying to save now. can someone please help? thank you.

  1. Ali M - February 20th, 2010 at 5:07 pm

    Your Pay Check Results
    Monthly Gross Pay
    $1,760.00
    Federal Withholding
    $199.00 <———-<——–this is how much you are expected to pay monthly and you are paying $272. then you should good, assuming you are single.

    Social Security
    $109.12
    Medicare
    $25.52
    New York
    $52.30
    NY SDI
    $2.60

    Net Pay
    $1,371.46

    Calculation Based On
    Tax Year
    2008
    Gross Pay
    $1,760.00
    Pay Frequency
    Monthly
    Federal Filing Status
    Single
    # of Federal Exemptions
    0
    Additional Federal W/H
    $0.00
    State
    New York
    Filing status
    Single
    Allowances
    0

    Good Luck!

  2. mainecpa - February 20th, 2010 at 5:07 pm

    How do you complete your tax forms? Do you use Turbo Tax or Tax Cut? Surely you do not fill out the forms with pen or pencil??!!!

    Any tax program allows you to plug in projections for the coming year.

  3. golferwhoworks - February 20th, 2010 at 5:07 pm

    not very much at all if fact Barak is going to give you thousands of dollars