if my annual salary is 42000$ in brox ny. After paying taxes how much i earn monthly???
2006-08-30 10:40:01 · 6 answers · asked by myname 2 in Business & Finance ➔ Taxes ➔ United States
about 2,300 take home a month... so about 27,600 take home a year... which is 14,400 a year to federal, state, city taxes, health care, medicare, union dues. etc....
It really sucks when you consider how easy it is to pay 14,000 a year in NY on rent.
2006-08-30 10:48:12 · answer #1 · answered by Blah Blah Blah 3 · 0⤊ 0⤋
You have not provided enough information to answer this question. There would be a number of factors including but not limited to your filing status and number of exemptions. Go visit a tax professional and give them your circumstances and they should be able to help you. This time of the year most will give you a little guidance without charge in hope that you will return and have your taxes done by them.
2006-08-30 11:42:50 · answer #2 · answered by ? 6 · 1⤊ 0⤋
It depends on you filing status and number of exemptions. The links below are for IRS withholding tables (page 24) and NY state withholding tables (page 6). If there is a local tax, I missed it.
http://www.irs.gov/pub/irs-pdf/p15a.pdf
http://www.tax.state.ny.us/pdf/2006/wt/nys_with_tax_tables_106.pdf
2006-08-30 11:38:43 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Figure your tax rate. For example if you pay 20% of your income in taxes then you net 33,600. Usually you will also deduct retirement plans, health insurance, etc
2006-08-30 10:48:11 · answer #4 · answered by yes_its_me 7 · 0⤊ 0⤋
3500$
2006-08-30 10:52:31 · answer #5 · answered by LOST 6 · 0⤊ 1⤋
about $1000 (LOL)
2006-08-30 10:45:35 · answer #6 · answered by momathomewith2boys 5 · 0⤊ 1⤋