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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 725
Experience:  Certified Public Accountant
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Can you help me decide if I am paying too much taxes please

Customer Question

Can you help me decide if I am paying too much taxes please
Submitted: 22 days ago.
Category: Tax
Expert:  Mark Taylor replied 22 days ago.

Hi, my name is Mark. I will be happy to help you with your questions. To determine if you are paying the correct amount of taxes I would need some additional information. Could you please give me some more information about your situation.

Customer: replied 22 days ago.
I am a new hire and some of my coworkers are receiving higher paychecks even though we have the same salary so I am assuming I am being taxed more
Expert:  Mark Taylor replied 22 days ago.

What you are referring to is the amount of taxes that are withheld from your paycheck. This would be determined by how many exemptions that you claimed on the w-4 that you completed.

Expert:  Mark Taylor replied 22 days ago.

Your taxes would be determined by your income, less any deductions, less your personal exemption. If the amount of your withholding is greater than the taxes that are due you would receive a refund. It is possible that your coworkers tax situation is different. Perhaps they are married, have children, or are withholding a smaller amount.

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