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When Companies Show Salary, like for example $40,000-$50,000/year?
Does this mean before or after taxes are taken out?
How much taxes are usually taken out when it comes to a salary?
Thanks :)
7 Answers
- BobbieLv 76 years agoFavorite Answer
Usually before taxes for that purpose and time.
Probably 20% to 30% for that purpose and time during the tax year.
Hope that you find the above enclosed information useful. 02/16/2015
- MuttLv 76 years ago
It's before taxes and any other benefit. They have no way of knowing how much taxes you will have them take out of your pay. That decision is completely up to you, and is done when you fill out and turn in your W-4.
- SandyLv 76 years ago
That is the before tax income.
How much tax would be taken out depends on many factors -- where you live, how many children, if any, you claim as dependents, if you're married, etc.
- 6 years ago
Salaries and wages are always quoted pre-tax. Taxes vary widely from one taxpayer to the next making it impossible to quote after-tax wages and salaries.
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- troLv 76 years ago
that is before taxes, the companies offering those salaries do not know what taxes will be for you
- ?Lv 76 years ago
It's before taxes.
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