Sunday, December 4, 2011

How much do I earn after tax if my yearly gross wage is 75000 USD plus bonus?

I earn 75000 usd per year before tax. How much would I earn after tax (an estimate would be good)?|||75000/100 = 750 (1%)





750 x 17.5% = 13125





so take 17.5% from 75000





75000 - 13125 = 61875 usd|||This question is not subject to an intelligent guess without MUCH more information. Even ignoring state and local taxes, a reasonable estimate depends on several factors. Will you filing status be Single, Married filing Jointly, Married filing Separately, etc? How many dependents can you claim? How large is the bonus? Will you itemize deductions or claim the standard deduction? If you Itemize, what deductions will you claim. Do you contribute to a retirement account? ALL of these issues could change the answer by enough to make any estimate meaningless.|||better start your own side-business so you can keep more of what you earn.....?|||30% of your gross is a good ballpark if your single, and don't own a house.

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