I recently switched jobs from one where I was making 62k salary to this new one where I'm making $75k. I just got my first paycheck and it seems wrong...the new job pays biweekly whereas the other one was semi-monthly, but even factoring that in I'm only getting around $4500 more annually in take home pay.
I've done a couple of calculators and most show that my per check take home after federal tax should be ~ $2233-$2363, but I'm only getting $2080. This first paycheck was also for 2 pay periods, would that make a difference with federal withholdings?
Besides the salary change, my w4 info is the same. Married, 2 withholdings. At the old job I did have to pay $550ish in taxes this past year but that's still a fraction of what I seem to be missing from this new paycheck. I'm in Tennessee so there is no state tax.
Is my employer withholding too much tax or am I missing something?
Last check -
$5769 gross $357 ss $83 Medicare
$1166 federal tax
$4161 net
Submitted September 22, 2017 at 11:55AM by Whooopdeeedooo http://ift.tt/2jQDNHL