<p>How you can check to verify the correct Federal taxes were deducted from your check/s.</p><p>All the information you need to calculate your taxes is found on your check stub/s for the month.</p><p>1. Take your gross salary. If you received more than one check you must add the total gross salaries together. Checks are not processed separately per IRS regulations in the Circular E. 2. Deduct the amount of retirement you paid for the month from your gross. 3. Deduct the amount you paid for hospital insurance for the month. 4. Deduct any monthly dental, cancer, vision, medical, heart/stroke, accident or childcare premiums from your gross. Life insurance does not qualify to be tax sheltered, so you can’t deduct it. 5. Deduct any Tax Sheltered Annuities or 401K monthly amounts from your gross. 6. Now, deduct $325.00 for each dependent you are claiming. Dependents you are claiming are also on your check stub; top right-hand side. (W4 __) 7. Now you have arrived at your “taxable wages” for the month. You can use the chart below to calculate your Federal taxes.</p><p>MONTHLY Payroll Period Effective 01/01/13</p><p>SINGLE person (including head of household)- The amount of income tax to If the amount of taxable wages is: withhold is:</p><p>Over--- But not over--- of excess over $.01 $183 $0 $183 $927 10% $183 $927 $3,204 $74.40 plus 15% $927 $3,204 $7,504 $415.95 plus 25% $3,204 $7,504 $15,454 $1,490.95 plus 28% $7,504 $15,454 $33,379 $3,716.95 plus 33% $15,454 $33,379 $33,517 $9,632.20 plus 35% $33,379 $33,517 $9,680.50 plus 39.6% $33,517</p><p>MARRIED person The amount of income tax to If the amount of taxable wages is: withhold is:</p><p>Over--- But not over--- of excess over $.01 $692 $0 $692 $2,179 10% $692 $2,179 $6,733 $148.70 plus 15% $2,179 $6,733 $12,892 $831.80 plus 25% $6,733 $12,892 $19,279 $2,371.55 plus 28% $12,892 $19,279 $33,888 $4,159.91 plus 33% $19,279 $33,888 $38,192 $8,980.88 plus 35% $33,888 $38,192 $10,487.28 plus 39.6% $38,192</p><p>ADD the total Federal Taxes you paid from all checks you received for the month. The amount you calculated will match the “total” federal taxes deducted from your check/s. Anytime that you receive additional monies over your regular monthly salary the payroll system will calculate your taxes and then distribute them over your checks. This is why your regular monthly check will show more federal taxes deducted than in a month where you did not get any extra monies. The State tax works the same way but is not as noticeable since the tax percentages are so much lower.</p>