I used calculator here https://www.paycheckcity.com/calculator/salary/ and it says my salary should be $50,000 an year if I want to earn $3000 a month after tax. Is this correct? Do government collect this much tax for single 36 years old guy?
in GA state.
Nomadd
Favorite Answer
At $4k a month you'd be out about $500 Federal income tax, $300 Social Security and whatever your state tax is. Plus whatever medical insurance and odd deductions they might take. So $50K is about right to net $3k a month.
tro
oh yes, no less than $50K and very likely more than that, closer to $60K
Donald B
Yes, that is why some people are upset about taxes.
?
Sounds about right.
Judy
Your tax would be about 1/4 so yes, that's about right.