Understanding Tax Withholdings on Your Paycheck

Taxes can be frustrating when looking at your paycheck.  It is also the first place to turn your eyes to after checking your total take home amount from your paycheck.  Tax withholding can comprise of more than 30% of your paycheck depending on which state you live in and how much you are making.  Although it can be frustrating when thinking about taxes,  you should be aware of all the different type of payroll taxes you are paying.  The tax section of your paycheck includes Fed Withholding, Fed MED EE, Fed OASDI/EE, and State Withholding. Continue reading