Welcome Guest. Sign in or Signup
Asked by: sventre
He’s going to work for a petroleum engineer company and would like to know how much money would be left over
Ring0Rosie on May 15, 2012
First, keep in mind that a lot more than federal taxes are taken out of a paycheck!
We cannot estimate taxes because we don’t know the important details like:
-State they live/work in
-City/Municipality they live/work in
-Amount of per-tax deductions
-Amount of other deductions
When you are doing a rough guess between the amount that you actually make and the amount that’s on your pay check after taxes, SS, medicare, fees, etc., typically, they take at least 1/4 to 1/3 of what you make, so I am guessing anywhere between 140,000 to 180,000 will be what the person actually takes home.
0 Votes 0 Votes 0 Votes
Max Hoopla on May 15, 2012
Did you format your number correctly? nnn,nn is not standard for the USA. Is this dollars are does the question belong in a different forum?
Bostonian In MO on May 15, 2012
Do you mean $ 225,000 or $ 22,500? HUGE difference.
Even so, taxes depend upon many variables, none of which you have bothered to mention.
Number of dependents?
Ages and relationship of dependents?
Other income, such as a working spouse?
Start with those and we can begin to zero in on a number.
tro on May 15, 2012
strictly guessing, about $ 60000
Hsdd on May 15, 2012
Everystate has a different tax rate and sometimes an additional tax is taken for a county, town or city.
Go to paycheckcity.com.
they’ll calculate your exact paycheck based on the state you live in, the frequency of pay and it also includes dependant information. let me know how it turns out for you.
UpintheAir on May 15, 2012
Do you really mean $ 225,000?
In the US, the tax bracket for that salary is 33% for a single person.
Depends on how he structures his federal withholding, state taxes, if he contributes to a 401(k), or an IRA, what is taken out for medical, insurance, other required deductions, like union dues, uniforms, equipment.
Is he single or married, does he have dependents, a mortgage, business expenses?
This is impossible to answer; everyone’s tax situation is different.
rtfm on May 15, 2012
Do you mean $ 22,500?
You can find out by plugging all your information to the calculators at http://www.paycheckcity.com
We can’t tell you without knowing what state you live in, your filing status, how many dependents you claim, and many other details.
Existing User New User? Register Now
© 2012 Tax Discussion is powered by Yahoo! Answers.