what percentage of taxes are taken out

The percentage of taxes taken out of a paycheck depends on several factors, including the employees income, filing status, and the number of allowances claimed on their W-4 form. Federal income tax rates range from 10% up to a top marginal rate of 37% . In addition to federal income tax, employees may also have to pay FICA taxes, which include Social Security and Medicare taxes. For Social Security, employers withhold 6.2% of an employees wages (up to $147,000), and employees must pay 1.45% of all of their wages for Medicare, without any limitations. State income tax rates vary by state, and some states do not have an income tax. Therefore, the percentage of taxes taken out of a paycheck can vary widely depending on the individuals circumstances. To get a more accurate estimate of the percentage of taxes taken out of a paycheck, employees can use a paycheck calculator or the IRS Tax Withholding Estimator.