how do I figure out what my tax deductions will be from my paycheck?
I live in Rhode Island, and just started a new job at a boat yard. How would i go about figuring out how much I would make after all taxes are taken out…?
Tags: Boat Yard, New Job, Paycheck, Rhode Island, Tax Deductions, Taxes

October 30th, 2009 at 8:27 am
has very accurate calculators.
When I got a job with a $10K salary increase, I used their calculator. It was on the dollar, even with my 401k contribution!
November 1st, 2009 at 12:17 am
Try paycheckcity.com
November 2nd, 2009 at 4:11 am
From every paycheck you have to pay 6.2% social security, 1.45% medicare and then Federal tax, State Tax and state SDI.
If you are Single with no dependant then out of your total yearly income about $8,500 are deductible. On the balance your Federal tax will be about 12% and Rhode Island tax plus SDI will be about 6% (assuming that you are working at near minimum hourly rate).