Have a Tax Question? Ask a Tax Expert
My pay check is going to be $5000. How much am I going to get after taxes are taken out?
The amount of taxes withheld depend on the pay period (weekly, monthly etc.) and what you put on your W4 - such as single or married, and the number of exemptions. If you can give me this information for your paycheck, I can give you the approximate withholding amounts.
The check is actually a bonus but taxes will be taken out of it. I am trying to figure out how much I will actually get after the taxes are taken out.
Your employer has a couple of options regarding how to withhold for a bonus, or supplemental, check. He could use your W4 guidelines and treat it as a regular paycheck, or he could use bonus amount, which is 25% federal withholding. Most employers use this method for convenience.
Assuming a 5000 check, computed as an annual bonus (and you have not exceeded 97.5K in salary this year):
Annual Gross Pay