U.S. Federal Withholding on Paychecks

[Queen_Dopplepopolis]

So - I just got my first paycheck of the "summer" (meaning, I'm working full time b/c I'm not in school). As such, I worked nearly double my normal hours.

However, when I got my check, I realized that my federal withholding went from about .03% (like normal during the school year) to about .07%.

So, while I usually lose around $15.00 (approx $400 paycheck), I have lost $57 (approx $800) on my check today.

Is this weird? Or does the Federal Withholding % increase and decrease with the amount of money you bring in?

 

[Angel Tarragon]

Or does the Federal Withholding % increase and decrease with the amount of money you bring in?

This is the case.

 

[Queen_Dopplepopolis]

This is the case.

That's what I thought - but was having a hard time finding someone to affirm that notion.

 

[Henry]

but was having a hard time finding someone to affirm that notion.

*chuckle*

Oh, yes.

 

[Hand of Evil]

Overtime is taxed differently, you should show your 40 hours and taxes then overtime and its taxes.

 

[Queen_Dopplepopolis]

Overtime is taxed differently, you should show your 40 hours and taxes then overtime and its taxes.

I wish I had worked over time. I like money.

 

[Desdichado]

I assume you mean 3% and 7%, not .03% and .07%?

 

[reveal]

The Federal Income Tax witheld from my last paycheck was 8.6%. The more you make, the more you're taxed.

 

[Queen_Dopplepopolis]

I assume you mean 3% and 7%, not .03% and .07%?

Yep.... hehehehe... Liz and numbers don't get along.

That's why I'm a history major!

 

[Greylock]

Wierd. I'm on half pay and the % in taxes they're taking out has gone up. Oh well, it'll all come around.