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re: First time ever I got a second job.
Posted on 5/7/15 at 9:49 pm to TigerstuckinMS
Posted on 5/7/15 at 9:49 pm to TigerstuckinMS
Why all the face palms?
Clearly a lot of you guys can't read or have trouble comprehending...
Example:
Guys is making $35k as salary and is taxed at 15%
He takes on a part time gig, hourly to make another 15k. Pretty much all of that additional 15k is taxed at 25% now, and it's likely at a less rate of pay than his salary, meaning he's pretty much always working.. Just saying, it may not be worth the time. Sometimes you're better off putting in the extra hours at your full time job to advance your career.
Clearly a lot of you guys can't read or have trouble comprehending...
Example:
Guys is making $35k as salary and is taxed at 15%
He takes on a part time gig, hourly to make another 15k. Pretty much all of that additional 15k is taxed at 25% now, and it's likely at a less rate of pay than his salary, meaning he's pretty much always working.. Just saying, it may not be worth the time. Sometimes you're better off putting in the extra hours at your full time job to advance your career.
Posted on 5/7/15 at 11:47 pm to TigerDeBaiter
quote:pretty sure if a second job's worth of overtime was an option for him he wouldn't be taking a second job
Sometimes you're better off putting in the extra hours at your full time job to advance your career.
Posted on 5/8/15 at 9:44 am to TigerDeBaiter
quote:
Guys is making $35k as salary and is taxed at 15%
He takes on a part time gig, hourly to make another 15k. Pretty much all of that additional 15k is taxed at 25% now, and it's likely at a less rate of pay than his salary, meaning he's pretty much always working.. Just saying, it may not be worth the time. Sometimes you're better off putting in the extra hours at your full time job to advance your career.
So you think the guy is better off with a net of $29,750(not considering tax deductions) then $41,000? Yeah that extra $1,500 in taxes due to rate increase is really not worth the extra $11,250 in net income.....
Posted on 5/8/15 at 10:39 am to TigerDeBaiter
quote:
it's likely at a less rate of pay than his salary
Why is this the case? Many second jobs offer far better rates per hour; however, they don't offer benefits and endless hours like your primary job.
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