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Tax question
honkymcgoo
Registered User regular
Registered User regular
So, I just got offered a new job and Im pretty stoked because it pays more than Im making now and its a much more career oriented job than the one Im in now. My question for you guys, is how much I can realistically expect to take home after federal taxes. In Florida there is no state income tax, so I dont need to worry about that, just the federal taxes. My starting salary is 28k a year, so whats a good percentage estimate for me to just chop right out of that? Also, benefits are paid in full by the company, so taxes are the only deductions from my paychecks. Any of you business types got any idea?
I didn't even know what the fuck and avitar was until about 5 minutes ago.
honkymcgoo on
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edit: also, put money in your 401k, at least as much as your new company will match. That's free money.
When you say allowances, do you mean you claim 3 dependents (including yourself)?
The best way to do this is to use the IRS 2008 Withholding Calculator.
If you want to look at the actual tax table for 2007, here it is (PDF).
So a single person in 2007 making 28k would pay $3,813.
As you can see, your filing status (Single, Married Filing Jointly, etc.) determines a lot.
I cannot stress this nearly enough.
You're looking at probably around $22,000 take-home pay. JoeUser didn't take payroll taxes into account.
Alright thats what I was looking for mostly. This is my first job that wasnt either in a combat zone, wierdly taxed because of being a government employee or hourly retail.