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Gross vs Net Pay...Is there a formula?
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NewlyMrs
Laugh-Live-Love LIFE!
Member since 10/06 14432 total posts
Name:
Jennifer
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Gross vs Net Pay...Is there a formula?
Is there a formula to use to figure out how much your take home pay will be?
TIA!
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Posted 9/4/07 2:04 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
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Re: Gross vs Net Pay...Is there a formula?
You could google a paycheck calculator that will give you a decent estimate of net pay based on data your provide (gross pay, dependents, etc.)
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| Posted 9/4/07 2:15 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: Gross vs Net Pay...Is there a formula?
No set formula b/c everyone is different. We are in different tax brackets, have different exemptions, and pay different amounts for healthcare, 401(k) contributions, etc. Some paycheck calculators are helpful, but if you don't have all the above information, it won't help you much.
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| Posted 9/4/07 2:17 PM |
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Katie111806
Team Pink!
Member since 12/06 5349 total posts
Name:
Katie
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Re: Gross vs Net Pay...Is there a formula?
There's not really a formula because everyone's tax brackets, deductions, etc. are different, but you can use -30% to get a general idea.
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| Posted 9/4/07 2:19 PM |
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NewlyMrs
Laugh-Live-Love LIFE!
Member since 10/06 14432 total posts
Name:
Jennifer
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Re: Gross vs Net Pay...Is there a formula?
oh, ok. I'll try to use the online calculators and see what comes up.
Thank you!
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| Posted 9/4/07 2:20 PM |
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seank80
Don't Taze My Dog Bro!!
Member since 5/07 2240 total posts
Name:
Sean
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Re: Gross vs Net Pay...Is there a formula?
Check out this calculator. It allows you to input what county you live in and will ask you a few questions. Almost 100% accurate. It allows you to mess with your withholdings as well.
Paycheck Calculator
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| Posted 9/4/07 2:22 PM |
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