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Math people please help me!?
Ok. I need some verification on the answers that I am receiving. maybe im not doing it correctly i dunno.
A job wants to offer me 33400 annually and after 60 days - 37400
I will be salary based. I know it works out to 16 per hour and then 18 per hour which I am going to renogotiate on that. anyways.
Tell me what I am going to get a month. or every 2 weeks. I will deduct taxes from there. what is it? like 15% or something that they take or 20%?
I just want to work it out against what I am getting paid now.
Thanks!
4 Answers
- ?Lv 51 decade agoFavorite Answer
33400 divided by 26=1284.62 (every two weeks)
1284.62 * 2=2569.00(monthly)
37400 divided by 26=1438.46(every two weeks)
1438.46*2=2876.92(monthly)
That's basicly what you you would make before taxes.
Your taxes will vary depending on your state tax rate, and how many dependents you have .
- HEATHERLv 61 decade ago
Also remember to take into account what you are paying for insurance. Some companies don't have health insurance at all, some do and pay the entire premium for you, some just pay part of the premium. That can make a difference of a couple hundred dollars in a month.
- 1 decade ago
Scion, first figure you have to take taxes out for Social Security (FICA) and Medicare Tax. That's an automatic 15.3% at current rates (I think that's close anyway.
Then, for federal income taxes, if you are single, you will pay taxes of 10% on the first $7825 of taxable income and 15% on income between $7825 and $31,850. You count in your standard deduction ($5350) unless you itemize deductions.
So roughly it works like this when you hit 60 days
$37,400 - 15.3% = $31,677 after FICA/Medicare
less approx. federal tax based on std deduction $4,416.25
= $27,260.75 net after taxes annually
divided by 12
= $2271.73 monthly after taxes
P.S. I don't know what state you live in, but you should factor that in as well if you have a state income tax (some do, some don't)
Hope it helps
- 1 decade ago
your current paycheck should have your "gross pay" on there. that is what you make before taxes, insurance, etc. if you get paid every other week, multiply your current gross pay by 26, that is how much you currently make per year. how does that compare to 37400?