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Message
Best tax calculator
Posted on 4/21/16 at 8:08 pm
Posted on 4/21/16 at 8:08 pm
I'm tying to find out if I can afford apartment. I don't get my first paycheck until like the day before I move in. I've gotten widely different answers from the calculators I've tried using.
2
Posted on 4/21/16 at 8:53 pm to athenslife101
What's your income? Assume take home is 70% of gross the divide by number of paychecks annually.
If you make $50,000 gross you will make ~$1500 per paycheck over 24 payments.
If you make $50,000 gross you will make ~$1500 per paycheck over 24 payments.
Posted on 4/21/16 at 9:11 pm to athenslife101
Paycheckcity.com
Posted on 4/21/16 at 9:12 pm to lynxcat
You see, the calculators have found 740 to 640 (on a weekly basis) with 1000 a week. 640 would mean I ain't seeing 38% of the paycheck and that's extreme to meIt's hourly by the way.
The apartment is 1050 with most utilities. Is that doable in a nice part of town. With student loans?
The apartment is 1050 with most utilities. Is that doable in a nice part of town. With student loans?
Posted on 4/21/16 at 9:15 pm to athenslife101
Depends what you earn. Are you filing single?
Use the 70% rule I have you as a guide. It's easy to figure out from there.
Use the 70% rule I have you as a guide. It's easy to figure out from there.
Posted on 4/21/16 at 9:16 pm to lynxcat
Better yet, Edgar is your salary and we can just tell you 
Posted on 4/21/16 at 9:34 pm to tigeryat
Paycheck city has 748 and 728. Which would be great. But is that realistic.
I guess I'm at the 25% federal and 3.75% state. And then social security and fica
I guess I'm at the 25% federal and 3.75% state. And then social security and fica
Posted on 4/21/16 at 10:04 pm to athenslife101
So I'm guessing your salary is 48000 a year. Depending on student loans it will be 300-800. So your take home is 2800 a month and then say 400 in student loans so 2400. Based on that I wouldn't live anywhere that cost more than 800 but I would stay around 700 personally. 1050 would mean you had 1350 to cover retirement, health, dental, car payment, grocery, any credit card debt and any other bill you had plus groceries. That extra 350 would come in handy ever month
Posted on 4/21/16 at 11:00 pm to tigerbacon
This post was edited on 4/21/16 at 11:02 pm
Posted on 4/22/16 at 11:43 am to lynxcat
quote:
Assume take home is 70%
Mine is typically closer to 75%, but I'm married (and my wife doesn't currently work) so that may be the cause of the difference.
ETA: just checked and mine is 73%
This post was edited on 4/22/16 at 11:45 am
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