Are federal income tax,social security tax and medicare tax taken out from a year,month or day salary?

Social Security and Medicare are a flat tax - SS is 6.2% on all earnings up to $113,000 annually and then they stop. Medicare taxes are 1.45% on all earnings with no cap. You tax withholdings for Federal taxes are based upon your projected annual earnings and your claimed exemptions. Taxes are withheld out of each paycheck regardless of whether you worked every day during your pay period or just one day. It does not matter if you make $10, $36,000 or $3,000. At the end of the year, you will file a tax return where your income tax withholdings are compared to your tax liability (the amount of taxes you should have paid for the year based upon earnings, deductions and exemptions) - if you paid too much, you get that back, if you had too little withheld, you owe. And Social Security and Medicare taxes are non-refundable, meaning you will not claim them as taxes paid on your return (the one exception might be if you held two high paying jobs during the year and ended up paying Social Security taxes on more than $113,000 in income).

Taxes get taken out at the end of EACH Pay Period. :)

Taxes are withheld at the end of each pay period out of your Gross wages for that past pay period. FICA social security and medicare is required to withheld by your employer and they do match that amount during the tax year to be sent in to the SSA for that purpose during the 2014 tax.

FIT and SIT income tax amounts can also be withheld for each pay period as ESTIMATED tax payments for each pay period and these amounts will be reported on your W-2 form after the end of the tax year so that you can use the amounts on the correct line of your income tax returns during the 2015 tax filing season as TAX CREDIT amounts at that time.

When you do work in Florida and earn the income in Florida they do NOT have a state income tax at all.

W-4 Employees withholding Allowance Certificate for the purpose of the FIT withholding amount ONLY for each pay period should be filled out easy and simple Single and -0- ZERO withholding Allowance or possibly 1 Allowance for your situation during the 2014 tax year.

Hope that you find the above enclosed information useful. 05/07/2014

Each time you get paid, the employer will withhold fixed percentages for social security (6.2%) and medicare (1.45%).

Income tax is not a fixed percentage and is merely withholding, meaning you have to reconcile it when you file your tax return. To get an idea, use www.paycheckcity.com and single/2.

By law, every employer must deduct taxes or face prosecution. If you want more or less or no taxes deducted, you must sign a form requesting it. By doing so could cost more if you chose not to allow deductions and at the end of the year, you owed a lot of back taxes. There are penalties and interest, Oh my! Over time, you can figure out how deductions should be taken out so that at the end of the year, you owe nothing and you get no refund. This is what the IRS would prefer.

Did you know the every state and the federal government will do your taxes for free? That's right bucko. You fill in all the information on the front of the form, include all your w2s and other documents, sign the form and mail it the where it is suppose to go. When they get it, they will fill in the rest and if you owe, they will tell you how much. If you paid too much, they will direct deposit or mail a check. I found this out when I had a contract with the IRS.

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Each paycheck. The percentages are the same no matter what state you live in.

it doesn't matter what the frequency of your payroll is, the mandated taxes will be withheld each time you are paid

Social Security Disability Guide : http://disabilityhelp.siopu.com/?ogE