How can I know how much I will take home of my salary every month after taxes?

Question

How can I know how much I will take home of my salary every month after taxes?

Answer 1

I usually guess at 75% of the gross pay.

Answer 2

ask your employer how much tax is being pulled out. it depends on where you live, how much you make, the number of dependents...it can be quite alot of money...mine is at 22% of my income, and i don't make very much at all, i'm only 20.

Answer 3

It should be a set percentage.  You can get the exact percentage by talking to your employer, and do the math.  You can also change the percentage I believe with most jobs... i.e. if you think your taxes will be 12% you can have your work take out 15% and makre sure that you won't owe any money and possibly get a refund.  Or, if you need money right away, you can have them take out like 5%  BUT at the end of the year, if you do indeed owe 12% taxes, you will OWE money.

Answer 4

I heard that it depends on how much you earn...