View Full Version : Salary tax calculation question?
Galaril
09-07-2005, 09:10 AM
I am interviewing for a jobs and am getting some offers but need to see what the after tax net will be. I will be claiming two dependents and the jobs are in the 55k -75k range. Is a federal 20 % rate a good ratio?
QuikSand
09-07-2005, 09:13 AM
Too low. I'm sure you can get more precise, but your take-home pay will probably be more like 65% of your gross pay - so perhaps use 35% as a tax figure if you're trying to get to your net.
John Galt
09-07-2005, 09:16 AM
I seem to remember that there are some good tax calculator webpages on Quicken's site (or maybe it was somewhere else). So, I'm not too much help.
digamma
09-07-2005, 09:19 AM
I think www.paycheckcity.com (http://www.paycheckcity.com) works pretty well.
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