I started a new job and am trying to understand my paycheck. I understand the state, medicare, and social security deductions, but am confused about the federal deductions. Below is what my bi-weekly paycheck states.
Total Earnings - 3,846.40
Fed Taxable Gross - 3,846.40
OASDI Gross - ...
MEDI Gross - ...
Federal Withholding - 785.73
Fed MED/EE - ...
Fed OASDI/EE - ...
State - ...
Shouldn't my federal be the following?
18481.25 + (0.28*((3,846.40*26)-90750)) = 21073.042 ==> /26 ==> 810.50
What are the possibilities for why they are not taking the full amount?