You may wonder why so much money comes out of your pay, where it goes, and what can be done to change the deducted amount. The good news is that you usually have some control over your deductions.
Multiply the employee’s gross taxable wages by 1.45% to determine how much to withhold for Medicare tax. Medicare does not have a wage base. However, you need to withhold an additional 0.9% from employee wages if they earn above $200,000. Employers do not have to contribute to the addit...
2023 federal income tax calculator Should I adjust my payroll withholdings? Will my investment interest be deductible? How much self-employment tax will I pay? Capital gains (losses) tax estimator Compare taxable, tax-deferred, and tax-free investment growth How much of my social security benefit...
Self Employed and Employed Tax calculator Employed - PAYE | Self Employed - Sole Trader | Umbrella Company Income �Paid:Age: Blind No NI MCA weekly hours: weekly days: PAYESelf/SoleUmbrella Enter your salary and click show to calculate how much tax you pay ...
The income tax component that goes to the provincial government. CPP Same as the employer CPP. EI Same as the employer EI. Again, you also have specific taxes for the provinces: British Columbia BC Health Premium Residents of BC need to pay into...
Life insurance calculator: How much coverage do you need? There are many different types of life insurance policies designed for different coverage needs. If you’re wondering “How much life insurance do I need?” a calculator could help. Bankrate’s life insurance calculator helps you hone in...
Tanza LoudenbackSamantha Lee
Do you work in a high-risk industry that could experience layoffs during an economic recession? Are you self-employed or retired with a less steady or fixed income? Ask yourself similar hypotheticals to help you plan how much to save in case of unemployment in the future. Pro tip: ...
Mortgage affordability calculator Use this tool to calculate the maximum monthly mortgage payment you'd qualify for and how much home you could afford. Private mortgage insurance (PMI) If your down payment is less than 20 percent of your home's purchase price, you may need to pay for mortgage...
How do you calculate tithes? And is there a "right" amount to tithe? Use this free calculator to find out how much you should give to your church.