paycheck calculations after withholdings.

[hemi68charger]

Is there a site out there with a simple interactive script which will let you see what your paycheck would be after the Withholding, Social Security and Medicare are taken out? I'm looking into the possiblity of moving into another company, but when they make offerrs (if it gets to that point, they just tell you what the annual salary would be). I'd like to know what my take home (net) each pay period would be....

Thanks..
T

[gasoline_24]

there is probably something out there.  However, 75% is a good figure to use in computing take home pay.  This depends on how much you are making and the state you are in.

[twodko]

......and how many dependents you claim. 75% seems generous to me but I've always been in the top tax bracket (the bastards). 65-70% take home for me dpending on overtime. The bastards take 45-50% of overtime. 

[Brock Samson]

......and how many dependents you claim. 75% seems generous to me but I've always been in the top tax bracket (the bastards). 65-70% take home for me dpending on overtime. The bastards take 45-50% of overtime. 

Try Being single... 

[Troy]

Yep, it depends on what the grand total is - minus non-tax contributions like 401k and IRA plans. For companies that match you will likely contribute more (or at least you should). Not sure what salary range we're talking about but you'll lose 35% (overall) on pretty much anything in the $60-90k range. Social Security is a flat percentage until you get to a little over $100k - except this year when there's a 2% break. I think Medicare is a flat percentage as well. Federal and State Taxes are usually where the sliding scale kicks in so, as long as you're in Texas and making similar amounts of money, your total tax burden will be roughly the same. Take your current paycheck and divide the after-tax amount by the gross amount to get the percentage. The IRS publishes the rates for gross salary so you can use that to see if you'll get bumped into the next tax bracket. To throw a wrench in the works, sometimes payroll will screw up your withholding (based on how you complete the W4 form) so you think you're making out like a bandit and then find out you owe a bunch of money. It's happened to me twice. Things also get screwy if you get periodic bonuses (like profit sharing or commission) since they're usually taxed as if that were your normal paycheck amount (ie. you get raked over the coals but get a larger refund at the end of the year).

The gross salary is somewhat misleading because it doesn't reflect all "amenities" like health insurance (not just cost but how good the plan is/what is covered), medical, dental, vacation time (this is one area where employers generally have leeway to negotiate), distance to work, and even the work environment itself.

Troy

[DC_1]

......and how many dependents you claim. 75% seems generous to me but I've always been in the top tax bracket (the bastards). 65-70% take home for me dpending on overtime. The bastards take 45-50% of overtime. 

Try Being single... 

Try being DIVORCED!.....here they figure out your support based on gross (before tax) income and you pay on that. Between the tax man and the ex-wife you don't have much left for Charger parts!

[nvrbdn]

i wish i could try being single or divorced, but my wife wont let me 

[twodko]

......and how many dependents you claim. 75% seems generous to me but I've always been in the top tax bracket (the bastards). 65-70% take home for me dpending on overtime. The bastards take 45-50% of overtime. 

Try Being single... 

I was.

[twodko]

i wish i could try being single or divorced, but my wife wont let me 

Now that's funnt right there!