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| *Loan,banking and credit>>>income tax |
If my monthly salary income is $1661-$1849 what will my income be after taxes?Im trying to see if its worth? |
taking this job thats about 45 minutes to an hour away. i live in texas You don't give enough info for anyone to give you a good answer - the people who say deduct 20% are using numbers that might be average for someone living in a state with no state income tax like Texas, but might or might not even come close for your personal circumstances. And the guy who said just go by your tax bracket is totally forgetting about social security and medicare, and misunderstands tax brackets, so his info is WAY off. Go to paycheckcity.com and enter your info for a good estimate. Ok... simpliest way to do this is take 20% of your income and deduct it. Example: 1661 x .8 = 1329 a month 1329/4 = 332 a week take the high end 1849 x .8 = 1479 per month 1479/4 = 369 a week 90 minutes round trip? with gas prices at 2.75 a gallon How many miles to the gallon does your car get? That's the key. Use 2.75 to 3.00 a gallon as your reference. that's a long drive and if you have traffic, its longer.. I'm voting on not taking the job unless you get the high end and then some I usually figure 20% for taxes, which would leave you $1328-1479. It's usually never more than that, unless there are deductions. multiply by (1-tax bracket). If you're in 15% tax bracket, multiply by .85 you can figure one third of your income goes toward your taxes.You also have to figure weather or not they will be taking expenses out for medical insurance some employers are now making employee's pay for part of their premium . Figure about 20% just for taxes, never mind the other deductions. Are you married or single? The more deductions you have, the less they take. |
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