w2/exemption question

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date w2/exemption question na 06-27-2008  Re: w2/exemption question joetaxpayer 06-27-2008
Posted by na on June 27, 2008, 5:01 am Here is our income: gross adj gross ------ --------- My primary job ~100k ~85k Wife's job ~ 30k ~15k My secondary job ~ 12k ~12k We file jointly. No kids. We live in California. We have about ~20k in deductions. I would prefer to pay in a little each year. Is it 2 across the board? Or, 2 for my primary job and 0 for the rest? Or 2 for me and my wife, and 0 for my secondary? Other? Thanks, B -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by joetaxpayer on June 27, 2008, 8:20 am na wrote: > Here is our income: > > gross adj gross > ------ --------- > My primary job ~100k ~85k > Wife's job ~ 30k ~15k > My secondary job ~ 12k ~12k > > We file jointly. No kids. We live in California. We have about ~20k in > deductions. I would prefer to pay in a little each year. > > Is it 2 across the board? Or, 2 for my primary job and 0 for the rest? > Or 2 for me and my wife, and 0 for my secondary? Other? Go to http://www.irs.gov/individuals/page/0,,id=14806,00.html If, for whatever reason, the link doesn't work, google "2008 withholding calculator", it will return the IRS page for you. The page allows you to enter your exact situation, 2 people, 3 jobs. (my bet is 2 on primary (or fewer) and 0 for the other two, haven't run the numbers) Joe www.blog.joetaxpayer.com -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Similar Threads Posted IRA question January 8, 2007, 5:00 am 529 question January 11, 2007, 4:41 pm TVM Question, please help February 8, 2007, 4:33 pm S.S. Question, Please September 1, 2007, 8:40 pm 403(b)/457(b) question October 3, 2007, 4:24 pm Re: Another Soc Sec question October 30, 2007, 11:29 am RMD question January 17, 2008, 1:04 pm SEP question May 16, 2008, 8:17 am annuities question(s) October 24, 2006, 8:33 am Another gifting question December 14, 2006, 9:14 am