Best way to estimate future take home $$$ | TigerDroppings.com

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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
464 posts

Best way to estimate future take home $$$


I will be taking a job out of state soon. What is the best site to estimate what my take home will be after state/fed taxes, soc. security, etc. I have searched but haven't found any useful calculators yet.

I'm trying to get an idea of how much I can afford to spend on rent each month fwiw.









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nogoodjr
Member since Feb 2006
281 posts

re: Best way to estimate future take home $$$


This depends on many things.

Salary (tax rate)
W4 (number of deductions taken)
State in which you reside
Ect....

You can adjust what your take home pay is by adjusting your w4.

Just use salary x .75. Close enough.






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geauxbears08
LSU Fan
Houston, TX
Member since Jun 2011
44 posts

re: Best way to estimate future take home $$$


paycheckcity.com

LINK






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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
49372 posts

re: Best way to estimate future take home $$$


do you have an offer from the company yet?

do you know how much you'd have to pay for medical/dental?

don't forget contributions to 401k, etc.

my current take home is 65% of my gross, but thats after 8% to 401k, insurance for my whole family, etc.






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LNCHBOX
LSU Fan
70001
Member since Jun 2009
17168 posts

re: Best way to estimate future take home $$$


quote:

I have searched but haven't found any useful calculators yet.


Must not have searched very hard. Paycheckcity is one of the many free calculators that do exactly what you want.






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Booyow
Member since Mar 2010
93 posts

re: Best way to estimate future take home $$$


LINK

I've used this one on ADP's site before.






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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
464 posts

re: Best way to estimate future take home $$$


quote:

do you have an offer from the company yet?


yes

quote:

do you know how much you'd have to pay for medical/dental?


That is one thing I am unsure of. I have all of the med. benefits information but I don't know what any of this means.

quote:

don't forget contributions to 401k, etc.


I will be contributing 8% also. I assume I take out the 8% before calculating taxes correct?







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Oenophile Brah
USA Fan
The Edge of Sanity
Member since Jan 2013
4596 posts

re: Best way to estimate future take home $$$


quote:

I will be contributing 8% also. I assume I take out the 8% before calculating taxes correct?

Not in finance I assume.






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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
464 posts

re: Best way to estimate future take home $$$


quote:

Not in finance I assume.


Wut?






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