Anatomy of a Paycheck

Anatomy of a Paycheck


Anatomy of a Paycheck

How federal income tax is calculated. Federal income tax is calculated based on the W-4 you fill out: https://www.irs.gov/pub/irs-pdf/fw4.pdf

What happens if I think the federal tax amount should be different? The best source will be your accountant. They know your tax situation best and guide you in filling out your W-4. Another option is checking the IRS tax withholding calculator here: https://www.irs.gov/individuals/tax-withholding-estimator.