2006-07-20 04:28:57 · 30 answers · asked by svs6261 1 in Business & Finance ➔ Personal Finance
what is your tax code and where are you ?
If your tax code is 503L (most peoples are unless you receive benefits or disability) and you are in england you will take home
£1137.04 a month
2006-07-20 04:31:38 · answer #1 · answered by itsme 3 · 0⤊ 0⤋
Check the IRS tables at www.irs.gov along with your state taxation tables and subtract any city or local tax you may have to pay on income. Do you pay a wage tax? Don't forget Medicare payroll tax (wow, the list goes on and on doesn't it...is it even worth working anymore)? Are you paying into Social Security? Union dues? Oh and remember after you earn so much you are no longer entitled to certain reductions on certain costs (gas bill) which at 17500 you might be rather close, so I suppose that entereds into the equation in some form...
Also note other income you may have (rents, interest, capital gain, ect) may forced you into a higher bracket...
We are taxed much!
2006-07-20 12:51:36 · answer #2 · answered by Jon 2 · 0⤊ 0⤋
About £1100.
2006-07-20 11:31:38 · answer #3 · answered by Grizzly 4 · 0⤊ 0⤋
about 1200
1200 * 12 = 14400. they take very little taxes out of 17500 in the USA
2006-07-20 11:45:14 · answer #4 · answered by bkbarile 5 · 0⤊ 0⤋
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2014-09-28 22:55:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
1100
2006-07-20 11:32:08 · answer #6 · answered by welsh_darkhorse 3 · 0⤊ 0⤋
about 1100. Generally the rule is taxes take up about 25%.
2006-07-20 11:31:59 · answer #7 · answered by Your Personal Assistant 2 · 0⤊ 0⤋
That depends on what your claiming for taxes. You can calculate your own paycheck to get a very close figure - go to paycheckcity.com and check it out - I love that site!! Keep in mind the more you claim the more you take home, but you may owe dependent on how you fill your taxes out.
2006-07-20 11:39:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋
1200
2006-07-20 11:44:34 · answer #9 · answered by Tendai M 1 · 0⤊ 0⤋
£1136.45
Some answers have been close, but the above is calculated on Sage Payroll and is calculated as follows:
NIC :
First £5035 - 0%;
Next £12465 - 11% :
Total = £1371.15 per annum.
PAYE :
First £5035 - 0%;
Next £2090 - 10%;
Next £10375 - 22%
Total = £2282.50 per annum
Therefore Each month you pay £3862.65/12 = £321.89 leaving you with £1136.45.
2006-07-20 11:40:51 · answer #10 · answered by Friseal 3 · 0⤊ 0⤋
$1249
2006-07-20 11:30:42 · answer #11 · answered by dwh12345 5 · 0⤊ 0⤋