Would more or less taxes be taken out if I decrease my hours?
I am currently working nights 30 hours a week, with biweekly pay, and have a little over 7 and a half morning hours of college a week (3 classes). I plan to cut my work hours, to make more time for homework. But I wonder how it will affect the amount of taxes taken out of my check.
- LLv 51 month ago
Taxes are deducted by a percentage of your earnings. Say you earn $500 and want to decrease your work hours to where you only earn $300. And say your tax percentage is 5%............5% of $500 = $25 and 5% of $300 = $15 so of course the tax amount deducted will equal less. Each state has their own percentage amount and it makes no difference how many hours you work - the percentage is always the same.
- SlickterpLv 71 month ago
Less money made = less taken out.
- StephenWeinsteinLv 71 month ago
If you get paid less, then less tax is taken.
- MaxiLv 71 month ago
Tax is based on amount earned so if you will be earning less you will pay less taxes
- What do you think of the answers? You can sign in to give your opinion on the answer.
- PearlLv 71 month ago
i would ask a tax place about it
- ?Lv 71 month ago
Taxes come out according to your pay, not your hours.
- Anonymous1 month ago
Social security and medicare tax is always the same percentage. If you work less, you will have less taken out (but the tax rate will be the same).
As far as income tax goes, your employer takes out what you tell them to on your W-4. If you work less, they will take out less. No one here knows what your specific tax situation is. You didn't tell us your income, if you are married, if you have dependents, etc.
- A HunchLv 71 month ago
In the US, employee paid taxes are almost always a percentage of income.
Reduce the income, the percentage decreases.