Submitted by [deleted] t3_10q6kxk in personalfinance
84740296169 t1_j6o56dn wrote
Reply to comment by strangebeansgirl in How should line 4b on w-4 affect my take home pay? by [deleted]
No. I mean that your taxable income is reduced by $6000. The withholding would only reduce by the amount of taxes you no longer have to pay on that $6000. Depending on how much you are making it seems like they reduced your withholding by $50 which lines up if you are making less than $20k a year.
[deleted] OP t1_j6o5jdt wrote
[deleted]
84740296169 t1_j6o5veb wrote
Oh then the numbers check out. $4800 * .12 / 12 is about $48 less in tax a month.
[deleted] OP t1_j6o6gf7 wrote
[deleted]
84740296169 t1_j6o6rnp wrote
You gotta factor in the standard deduction. Your rate is basically at 12%
strangebeansgirl t1_j6o6x50 wrote
Thank you so much!
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