Anonymous
10/10/2015 00:29
Subject: Gross vs net pay
God OP, you are so lucky someone took the time to do this math for you...
Anonymous
10/09/2015 23:50
Subject: Gross vs net pay
Federal tax is approx. 10% (depends on deductions and exemptions
FICA is 7.65%
MD or VA state is 5.75%
so total tax is 23.4%
so divide $15 by 76.6% (which is 1-23.4%)
= $19.50
Plus your employer also pays a separate FICA tax of 7.65%
FICA is 7.65%
MD or VA state is 5.75%
so total tax is 23.4%
so divide $15 by 76.6% (which is 1-23.4%)
= $19.50
Plus your employer also pays a separate FICA tax of 7.65%
Anonymous
Anonymous
10/03/2015 21:54
Subject: Gross vs net pay
Anonymous wrote:I want to bring home $15 an hour after taxes. Does anyone know approximately how much I need to get paid before taxes to make this amount? I know it depends on my tax bracket but does anyone have an estimate? TIA
How much do you need per week or month for your personal budget?
or is this just a net rate thing, regardless of hours?
Anonymous
10/03/2015 21:53
Subject: Gross vs net pay
add $3ps, so $18 rate, and remember that implies your employer is actually paying $20 per hour ($2 to gov't, $18 to you, you then give $3 to gov't, pocket $15).
enjoy!
enjoy!
Anonymous
10/03/2015 15:14
Subject: Re:Gross vs net pay
Anonymous wrote:Thank you. Anyone else?
It is not really an opinion question, OP, it is a formula. Look it up or do a simple equation with a past paycheck.
Anonymous
10/03/2015 14:47
Subject: Re:Gross vs net pay
Thank you. Anyone else?
Anonymous
10/03/2015 08:34
Subject: Re:Gross vs net pay
$19 and hour should cover it.
Anonymous
10/03/2015 00:25
Subject: Gross vs net pay
I want to bring home $15 an hour after taxes. Does anyone know approximately how much I need to get paid before taxes to make this amount? I know it depends on my tax bracket but does anyone have an estimate? TIA