Hmmm.. Having just finished my taxes and working on the daughters.. here's my take...
On $11K, married, they're not going to take much because your tax on that at year end shouldn't be much. IF it were the only reported income between the two of you, the IRS would send you money (Earned Income Credit if you have kids, Making work pay credit, possibly more ....it's unreal).
Withholding is based on what the total tax for the year should be. Since everyone gets certain exemptions/deductions before calculating taxable income, withholding doesn't kick in until after the averaged amount of those are accounted (ie you don't have taxable income until it gets above a number (around $13,500 for married couples) between standard deductions and exemptions). So they don't normally withhold until you get above that $. ... and it's averaged by pay period
Looking at the IRS guide for employers at http://www.irs.gov/pub/irs-pdf/p15a.pdf shows that with holding starts at $264/wk or $1146/mo and $11K really doesn't hit those.
So if you're wanting them to take taxes out to help offset other income (farm, self-employment, etc.) she's going to need to adjust her W-4 to take more out (and I think she'll have to do it on the fixed amount section because at normal rates they're not going to hit the table for taking any out).
One other option is to check the box for married but withhold at the higher single rate. That kicks in withholding at $116/wk or $504/month.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.