What are the Federal and State Income Tax rates/slabs for the State of New Jersey?
April 26th, 2010I recently got my paycheck and there were a lot of tax deductions. Being on my OPT i dont have the Social Security or Medicare tax cut. But my Federal and State Income(NJ) tax deductions were huge. Please could anybody guide me so that I may be able to plan my finances accordingly.
Thanks to "laura" who help me in this. But I am sorry to say i am not able to figure out the exact amount. So here are the deductions i got in my paycheck.
Earnings per month : $ 4928
Federal Income (deduction) : $ 739.20
NJ State Income (deduction): $ 197.12
Please tell me if these deductions are correct.
This is for the state of New Jersey.
Thanks.
Replys
The best advice for you is to drop into a tax preparation office with your pay stub. I know H&R Block will do the calculations for you, to help you "so that I may be able to plan my finances accordingly."
There are too many unknowns for me to calculate…
-# of pay periods…
-std deductions or Sch. A?
-# of dependants?
-Married…?
Good luck
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