If I have filed for W-4 exemptions as "Married +1".. about what percentage of my pay should be go to federal
Answer:
Here is the amount from the table in front of me for weekly pay for married couple.
First subtract $63.46 for each exemption
From what is left:
Not over $154 $0
$154-$440 10% of amount over $154
$440-$1308 $28.60 plus 15% of amount over $440
etc.
The schedules, used to calculate your tax withheld, are using your gross income, in addition to the married status and exemptions. You have to tell us how much you make because people with higher income are in a higher tax bracket.
I agree with fasb's answer that it is based/depends on your gross income - normally it is between 15% to 50%!@
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