I live in minnesota and I just got a job where I will be making $34,000 anually. My health/dental/life insurance will cost me about $85 per month. How much money can I expect to make after all of the taxes/insruance costs? Thank you
--------------------
You didn't mention whether or not you are married or have dependents. But here's an estimate. $34,000 / 12 = $2833 per mo. gross pay. $2833 - $85 for insurance = $2748 7.65% FICA and Medicare 20% approximate federal income tax 6.07% average state income tax $2748 X 34% = $934 $2748 - $934 = $1814 Your net pay will be in the neighborhood of $1814 per month. Your weekly take home will be about $418, give or take.
Source
No comments:
Post a Comment