Hi,
The percentage of tax being witheld every month from my paycheck varies significantly. From less than 10% to almost 20%. What i find odd is that it's not constant, as in it rises all the time, instead it goes up and down.
One month when i had a lot of overtime and received a significantly larger check, i got taxed at 20%. Two weeks later (it's actually bi-weekly) i got taxed at 14% for my average paycheck. The first ever check i received was for just one week, and there it was around 9%.
Can someone please explain why does this fluctuate. I figure it could change once i reach a certain milestone, but not like this, i dont think i've earned more than 10.000 dollars so far.
The percentage of tax being witheld every month from my paycheck varies significantly. From less than 10% to almost 20%. What i find odd is that it's not constant, as in it rises all the time, instead it goes up and down.
One month when i had a lot of overtime and received a significantly larger check, i got taxed at 20%. Two weeks later (it's actually bi-weekly) i got taxed at 14% for my average paycheck. The first ever check i received was for just one week, and there it was around 9%.
Can someone please explain why does this fluctuate. I figure it could change once i reach a certain milestone, but not like this, i dont think i've earned more than 10.000 dollars so far.
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