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Not everything that gets deducted form your pay is for income tax. There is Social Security and Medicare that is deducted too.
If you are single and your receive $53000 gross and are single your taxable income would be about $42,700 after your exemption and standard deduction.
Your federal tax would be $6,500
They would have also withheld for your half of the SS and Medicare ($3,286.00 and $768.50)
You did not mention state but if you are in a state that has income tax there is that as well.
If you are married then it matters if your spouse works too. On your W4 you would list married but if your spouse works then you should not list them as a dependent. When you file your tax return both your incomes are added together so that matters.
Does your spouse work?
Then you each would claim married but the one that makes less may want to claim Married but withhold at the higher standard rate.
That will assist you in not owing at the end of the year when you file your return.
That is just for the one of you that makes the lesser amount.
That is a link to the IRS W4 calculator. It is easy just enter your amounts and see how much you will have
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Hi, I am checking back to see how you liked the W4 calculator.