Guest Prickles83 Posted September 16, 2009 Share Posted September 16, 2009 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 :twitcy:month? Link to comment Share on other sites More sharing options...
Guest Skywards Posted September 16, 2009 Share Posted September 16, 2009 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... Link to comment Share on other sites More sharing options...
CharmedP3 Posted September 16, 2009 Share Posted September 16, 2009 try this Income Tax Calculator - Yahoo!7 Money Matters Link to comment Share on other sites More sharing options...
Guest Skywards Posted September 16, 2009 Share Posted September 16, 2009 Ooops...My error. The first bracket is to 34K and not 25k and naturally this affects the next bracket. Individual income tax rates Link to comment Share on other sites More sharing options...
the_nanny_uk2 Posted September 16, 2009 Share Posted September 16, 2009 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 Link to comment Share on other sites More sharing options...
Guest tracynben Posted September 17, 2009 Share Posted September 17, 2009 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 Link to comment Share on other sites More sharing options...
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