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How Much Money Will i make a month roughly?
If i stay in NY to go to college and i’ll work part time and minimum wage in NY is 7.25
How much would i make a month deducting Taxes and what not
what is my Net Pay for the month?
Plz&Thnxxx
You have left out critical information. $7.25 times how many hours? As far as the IRS goes, you can claim student status and have no taxes taken out on the first $9350. When you fill out the W-4 just check "Exempt". So you could work 1289 hours with out owing taxes to the FED. If you constantly could get 24 hours, a week for the year you’ll be fine.
I do not know the NY state taxes, or the city taxes.
You have left out critical information. $7.25 times how many hours? As far as the IRS goes, you can claim student status and have no taxes taken out on the first $9350. When you fill out the W-4 just check "Exempt". So you could work 1289 hours with out owing taxes to the FED. If you constantly could get 24 hours, a week for the year you’ll be fine.
I do not know the NY state taxes, or the city taxes.
References :
7.65% is deducted for FICA, social security and medicare, even if you claim exempt.
It is illegal to claim exempt unless you actually are exempt.
Being a student does not make you exempt.
Earning less than $5700 (not $9350) does make you exempt if you have no other income.
Earning $5701-$9350 only makes you exempt if no one else can claim you as a dependent; it does not make you exempt if either or both of your parents can claim you.
NY taxes a small amount for disability insurance.
NY can (but probably will not) take a small amount for state income tax.
Your net pay for the month depends on how many hours you work in the month. If you work one hour per month, then your net pay is between $5 and $6. If you work 25 hours each week, then your net pay for the month is a few hundred dollars.
References :