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re: Raise and New Taxes--Net Pay Question
Posted on 1/31/13 at 12:17 pm to lnomm34
Posted on 1/31/13 at 12:17 pm to lnomm34
A $5K increase in your annual pay could certainly bump you to another tax bracket. As rule of thumb some say to expect to lose 40% to Federal, State, SS, etc. This usually overestimates what you'd lose but keeping 60% would put you at $258 per month.
Have you had changes to you health or dental insurance premiums? Any other allocation changes? FSA's? 401k's?
Have you had changes to you health or dental insurance premiums? Any other allocation changes? FSA's? 401k's?
Posted on 1/31/13 at 12:25 pm to wiltznucs
No. I didn't change anything.
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