Accounting, Payroll & Pension Issues/deduction information

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Expert: - 2/19/2008


Question
I was wondering if there is a site for payroll deductions, e.g. SS, FICA, Medicare which are deducted from my paycheck.  I want to work three days per week instead of the traditional 5 days a week and would like to figure out how much of a difference it would be in my paycheck?
Thanks

Answer
Anna,
There are several calculators on the internet.  The one I use the most is at the following website:
http://www.paycheckcity.com/pages/advanced.asp

You can also go on the IRS.Gov site and pull a copy of the Circular E which is what is used by payroll to calculate payroll withholdings.

If you need more help with it send me the specifics (hourly wage and any deductions other than taxes,state you live in and I will help you figure it out.)

Shirley

Accounting, Payroll & Pension Issues

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Shirley McAllister, CPP, PHR

Expertise

I can answer payroll questions, payroll tax questions, 401K questions. No stock option questions please and I have some knowledge of other pensions but am most familiar with the 401K pension. I can answer U.S.and Canada payroll questions proficiently and have a good general knowledge of UK and South Africa and some knowledge of Australia and New Zealand Payroll procedures. Please do not ask me homework questions I do not have time to answer them.

Experience

25 years with an international company in the Human Resources, Payroll and Payroll Tax areas.

Organizations
SHRM, APA, I.O.M.A.

Publications
I.O.M.A. and BNA

Education/Credentials
P.H.R., C.P.P., Canadian Payroll Administrator, Successfully passed APA class on UK Payroll Administration. Boise State University Human Resource Certification

Awards and Honors
APA Hotline Citation of Merit for last 8 years.

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