||[Feb. 4th, 2009|10:59 pm]
The Question Club
Can anybody explain to me (or point me in the proper direction of someone who can) how exactly employers calculate how much they withhold from your paycheck?|
Husband Job #1 paid us 15,000 last year, they withheld 400. Husband job #2 paid 7600, they withheld 450. Also, My Job #1 paid 7000 and they withheld less tax than my temp job over the summer, which paid me approximately 3000.
We claim exactly the same thing on all of our
W-2's W-4s (Married, 1 for ourselves, no other exemptions, being as we don't have children and they won't let us claim our cats or our drinking habit). We're moderately fucked when it comes to our taxes this year because of all the bizarre withholding, and I realize it's my fault for simply trusting my employers to take care of things properly, but I would also like to understand why they did what they did.