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    Thread: if you earn $50000 a year what will your take home pay be?


    1. #1

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      if you earn $50000 a year what will your take home pay be?

      Fairly straight forward! not sure how tax works in oz of what is taken off your gross pay. If you earn $50000 a year what will your take home pay be at the end of the month?


    2. #2
      Skywards
      Here's a rough break down for you :-

      6K Tax Free
      19K @ 15% = $2850
      25K @ 30% = $7500
      $50K @ 1.5% Medicare = $750

      Thus your take home net of tax will be around $38,900 or 3241.67/mth. Hope this helps...
      Dawn75 and Prickles83 like this.

    3. #3

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      Ratchet and Prickles83 like this.
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    4. #4
      Skywards
      Ooops...My error. The first bracket is to 34K and not 25k and naturally this affects the next bracket.

      Individual income tax rates
      Ratchet and The Ozcans like this.

    5. #5

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      I came across this useful tool when looking into hubbys pay and what he'd be taking home.

      Managing money - Money - ninemsn

      Hope it helps you somewhat.

      Jo x
      sarahjl, Dawn75, Ratchet and 1 others like this.

    6. #6

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      heres the offical tax calculator from the tax website
      How much tax should be taken from my pay?

      would be about $3377 a month
      tracy
      sarahjl and The Ozcans like this.

     
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