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Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3346
Experience:  15+ years tax preparation and tax advice.
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How much taxes do I pay on $5000.00?

Customer Question

My pay check is going to be $5000. How much am I going to get after taxes are taken out?

Submitted: 9 years ago.
Category: Tax
Expert:  Wendy Reed replied 9 years ago.

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.

Customer: replied 9 years ago.

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.

Expert:  Wendy Reed replied 9 years ago.

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):

<table border="0" cellspacing="0" cellpadding="1">Your Pay Check Results

Annual Gross Pay


Federal Withholding


Social Security






Net Pay