Help me do some math!

noir_blood

Okay, so in my upcoming paycheck, I have a raise going through, and basically I want to try to figure out the percentage of money that is currently being taken out of my paycheck right now, so I can add the dollar amount of the raise, and come to a new figure of how much I'll be making. That makes sense right?

So if I make X amount of money, have Y amount of taken out, and come out with Z amount that's put into my direct deposit, what equation could I use to figure out the percentage? I rather not post the exact figures here, but if someone would be awesome enough, I'll pm them the actual amount if that makes it easier.

LaOs

noir_blood wrote: »

Okay, so in my upcoming paycheck, I have a raise going through, and basically I want to try to figure out the percentage of money that is currently being taken out of my paycheck right now, so I can add the dollar amount of the raise, and come to a new figure of how much I'll be making. That makes sense right?

So if I make X amount of money, have Y amount of taken out, and come out with Z amount that's put into my direct deposit, what equation could I use to figure out the percentage? I rather not post the exact figures here, but if someone would be awesome enough, I'll pm them the actual amount if that makes it easier.

Wouldn't it just be:

Total Deductions / Total Pay before Deductions

That will give you the Percent Deducted.

??

For example:

If you earn 3000 per month and know they take out 750 per month (thus, you have 2250 deposited each monthly cheque), it's 750/3000, which comes to 25%. That means that you "lose" 25% in deductions each cheque (it's in quotes because you may get some back at tax time, you're getting something for some of that money in the way of health benefits, and I don't want to get into a debate about any of that here. :P)

So, now that you know roughly what percentage they're deducting each cheque, you can better guess how much you'll be able to keep of your raise.

(Add your raise to your old total before deductions and then multiple by .25 to find the new deduction total, then the difference between that and your new pre-deduction total will be your new deposit total. Make sense?)

Fantasma

You need to divide the amount taken out of your salary, multiply that amount by 100 and you get the percentage taken out of your money.

(Amount deducted ÷ Salary) X 100 = percentage

Fantasma

Let's put it clearer:

If your base salary is 1000.00 a month, and you only get 935.00, it means you are being deducted 65.00, a simple excel formula would be : @sum(65/1000)*100

The result would be equal to 6.5

Now, to simple recalculate the deduction:

@sum(1000*6.5%)

The result would be 65.00

noir_blood

Thanks guys. I feel silly for not figuring it out myself, but I'm an English Major, so math no need. Anyways, this can be locked.