I have just been offered a job quoting a yearly wage, how can I calculate my bi-weekly take home amount using this gross amount?
2006-08-21 16:23:49 · 9 answers · asked by yangsan01 1 in Business & Finance ➔ Personal Finance
gross - 20%= your net for the year than divide by 26.
2006-08-21 16:30:47 · answer #1 · answered by Desperado 5 · 0⤊ 0⤋
In order to get your net wages annually you have to know how many dependants you are claiming and if your married or single and in which state you live in. Once, you have all these answers you could go on the website to figure out your net pay annually and divide it by 52 weeks to get your weekly income.
Good Luck!
I hope you will choose me for the best answer...
2006-08-21 17:51:08 · answer #2 · answered by Hi.Man 1 · 0⤊ 0⤋
Divide your yearly salary amount by 26 but don't forget to take taxes into account!
2006-08-21 16:30:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Take the annual salary and divide it by number of paychecks issued in a year....
If it is exactly bi-weekly, divide it by 26. If they meant twice a months, then devide it by 24.
Of course, you will be deducted of taxes, 401k (if you contribute) and whatever-else.
2006-08-21 16:31:12 · answer #4 · answered by tkquestion 7 · 0⤊ 0⤋
Divide by about 26 to get your bi-weekly gross. Then account for taxes, which you have to estimate out. State taxes vary, and Federal vary by what you make.
2006-08-21 16:29:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
How To Calculate Biweekly Pay
2016-11-07 00:59:01 · answer #6 · answered by ? 4 · 0⤊ 0⤋
PaycheckCity.com offers a Net Pay Calculator for just this type of calculation. You can find it at http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp .
2006-08-21 16:29:58 · answer #7 · answered by J C 2 · 0⤊ 0⤋
divide the whole amount by 26.
take that amount, and multiply it by about 74 percent. that should be the take home.
2006-08-21 16:29:35 · answer #8 · answered by Peter G 2 · 0⤊ 0⤋
DEVIDE BY 26
2006-08-25 15:43:22 · answer #9 · answered by deby k 3 · 0⤊ 0⤋