How to Calculate a Paycheck Based on the Number of Withholdings
- 1). Calculate your income subject to federal income tax withholding by subtracting any pre-tax deductions from your gross pay. Pre-tax deductions can include retirement contributions and certain medical premiums. For example, if your gross income equals $1,300 per week and you defer $100 of that into a 403b plan, subtract $100 from $1,300 to find $1,200 of your income is subject to income tax withholding.
- 2). Look up the tax withholding table for your filing status and your pay period in IRS Publication 15. Your filing status for the purposes of withholding is either single or married. In this example, if you are married, find the table for married people paid weekly.
- 3). Locate the salary range in the left-hand column. In this example, find the row that includes $1,200.
- 4). Locate the column across the top that has the number of allowances you claimed. In this example, if you claimed four allowances, find the column for four allowances.
- 5). Find the cell at the intersection of the row for your income and column for your allowances to find your federal income tax withholding. In this example, your withholding equals $99.
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