how to compute average dollar amount paid for our taxes
The following steps describe how to calculate your Federal income taxes: Determine the value of your total withholding allowances (exemptions) as claimed on your current W-4 Form by multiÂ­plying each allowance (exemption) by the semi-monthly amount of $168.80. Subtract the amount of any salary reductions, such as PERS,TIAA/CREF, or health insurance premium from your total semi-month.