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I start out with $55,000 yearly salary , about how much money would I actually receive per month after tax?

Asked by: tmoran 3481 views YA Discussion

I have job in edison, new jearsy, USA.
I am single and have health insurance plan of $ 26.37/year and dental plan of $ 50/year.
I don’t have any other plans.
I am new in USA. so please help me to figure it out.

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5 Answers



  1. tro on Jul 31, 2012 Reply

    you know that 5.65% will be withheld for FICA, maybe 1% or more for a state employee tax, and hard to accept, 76.37? for your health and dental
    deduct those amounts from your $ 55,000 and probably around $ 12000 total income taxes, then divide that by 12 and see what your monthly amount will be

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  2. Sweating on Jul 31, 2012 Reply

    Don’t worry about this – you’ll do fine.
    Sounds like you landed a job with an oil company in NJ.
    You might receive $ 4,000 a month – that’s a pure guess.
    And the insurance is $ 26 a pay period – not a yearly charge.

    Know that you will get raises in your future.
    People from other countries such as India always move fast up the ladder.
    They have a strong work ethic and give it their all.

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  3. Judy on Aug 01, 2012 Reply

    Probably around $ 3300-3400 a month, but can vary a lot depending on some things about your personal situation.

    Check on those insurance plans – are you sure those aren’t monthly costs, not annual?

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  4. Bobbie on Aug 01, 2012 Reply

    4583 Gross salary for the month W-4 Single and -0- ZERO Allowances for this purpose.
    Gross pay $ 4,583.00
    Federal income tax $ 770.13
    Social Security $ 192.49
    Medicare $ 66.45
    New Jersey$ 142.48
    Net pay (take home) $ 3,411.45

    http://www.suburbancomputer.com/tips_calculator.php

    Hope that you find the above enclosed information useful. 07/31/2012

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  5. acmeraven on Aug 01, 2012 Reply

    Your withholding will depend on what you put down on your form W-4 that is used to set withholding amounts. Your health insurance and dental will probably be dropped and eliminated on the first of the year, along with some 90 million other american workers, due to the red tape and restrictions and penalties and so on attached to the health care bill that is kicking in. You will have to buy this on your own or pay many thousands of dollars in penalties and interest for not purchasing it. Welcome to the change.

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