1st job ? on taxes and annual salary

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1st job ? on taxes and annual salary

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Posted 06-20-2012, 11:17 PM

dillow

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1st job ? on taxes and annual salary

I start next month
how much is $60,000/annual salary after taxes?

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06-20-2012, 11:17 PM
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06-20-2012, 11:36 PM

Sagi Suit up! Member sinceFeb 2008 Posts448 Reputation 87 Followers 0 + Give Rep	Depends on your state... I use this .. it's pretty accurate http://www.paycheckcity.com/coint...ulator.asp
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06-21-2012, 02:45 AM

MikeBear

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Quote from dillow

I start next month
how much is $60,000/annual salary after taxes?

About $35,000.00! nod

Last edited by MikeBear; 06-21-2012 at 02:46 AM.. Reason: Automerged Doublepost

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06-21-2012, 04:11 AM

Dr. J L10: Grand Master Member sinceNov 2005 Posts20,108 Reputation 2,278 Followers 0 + Give Rep	depends on a LOT.
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06-21-2012, 05:39 AM

dealgate L7: Teacher Member sinceDec 2005 Posts2,440 Reputation 565 Followers 0 + Give Rep	With no deductions, fiure 70% of that. E finita la cuccagna Politics may not be the oldest profession but the results are the same.
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06-21-2012, 06:01 AM

PiratePenguin zoomzoomin Member sinceDec 2008 Posts3,634 Locationthe sea Reputation 834 Followers 2 + Give Rep	Yeah, Its really hard to say. Filing married/single for state? married/single for federal? any dependents? 401k deductions? health insurance deductions? life insurance deductions? Generally single for everything and no deductions is about 70% so 60k/52 weeks = 1154 /week x 70% = ~800 /week
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06-23-2012, 06:00 AM

dealz2012 L3: Novice Member sinceAug 2011 Posts138 Reputation 40 Followers 0 + Give Rep	I just started and am making that much. With health, 401k until match, dental, vision, life, long term disability, taxes (in MA) and stock purchase plan I come home with 1322 biweekly. Now an extra 230$ is going to a stock purchase plan so i will be able to use that in the near future but I like to ignore it
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06-23-2012, 12:08 PM

MikeBear

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Quote from dealz2012

I just started and am making that much. With health, 401k until match, dental, vision, life, long term disability, taxes (in MA) and stock purchase plan I come home with 1322 biweekly. Now an extra 230$ is going to a stock purchase plan so i will be able to use that in the near future but I like to ignore it Wink

There you go. I hit it almost exactly with my $35,000 post above!

Terrible how much everything sucks out of your check before you even get it, isn't it? Then you get the joys of paying day to day bills, and that adds up to even more sucked out of it.

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06-24-2012, 11:13 AM

BayArea

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Quote from Sagi

Depends on your state... I use this .. it's pretty accurate

http://www.paycheckcity.com/coint...ulator.asp

Really good calculator!

-The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco bay in Northern California.
-The Bay Area is home to approximately 7.2 million people.
-The San Francisco Bay Area is one of the wealthiest regions in the U.S.

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#10

06-25-2012, 02:02 PM

dhc014

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Quote from BayArea

Really good calculator!

Yes, it was fairly accurate for me.

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#11

06-27-2012, 12:57 AM

dillow L3: Novice Original Poster Member sinceMar 2006 Posts172 Reputation 20 Followers 0 + Give Rep	appreciate all the suggestions guys....$60,000 seems pretty low
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#12

06-27-2012, 01:01 AM

dillow L3: Novice Original Poster Member sinceMar 2006 Posts172 Reputation 20 Followers 0 + Give Rep	Since I'll be doing consulting I believe my tax would be different I think I'll just ask HR Last edited by dillow; 06-27-2012 at 01:04 AM..
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#13

06-27-2012, 02:46 AM

hAvAAck

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Quote from dillow

appreciate all the suggestions guys....$60,000 seems pretty low Frown

Depends on where you live, really

ʞɔɐɐʌɐɥ

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#14

06-27-2012, 06:46 AM

zzyzzx

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Quote from MikeBear

About $35,000.00! nod

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#15

06-27-2012, 09:54 AM

skate876 L2: Beginner Member sinceJun 2012 Posts71 Reputation 10 Followers 0 + Give Rep	As a entry level employee $60,000/annual salary after taxes is quite reasonable.Let's see how it boost up with the experience grow.
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1st job ? on taxes and annual salary