I am about to leave a job that pays about 42,000 a year but only about 21,000 of that is taxable. I am consediring accepting a job that pays about 39,000 and all of that would be taxable. How/where could I go to figure out apporxamatley how much the differance in pay would be.
2007-01-24 12:10:15 · 7 answers · asked by nathans183_99 1 in Business & Finance ➔ Taxes ➔ United States
www.paycheckcity.com
You can calculate your taxes to the penny, even your state income tax. And SUI if you live in CA.
2007-01-24 12:46:53 · answer #1 · answered by datette 3 · 0⤊ 0⤋
$42,000 X 30% = $12,600 The amount you should pay.
$39,000 X 30% = $11,700 The amount you will have to pay.
$21,000 X 30% = $ 6,300 The amount you use to pay.
You will be better off in the long run if you take the new job.
2007-01-24 12:18:52 · answer #2 · answered by whatevit 5 · 0⤊ 1⤋
Your income tax "bite" will go up by about $2,800 if you're single.
Used the following table http://www.irs.gov/formspubs/article/0,,id=150856,00.html
Figure your taxable income first. Gross - standard deduction ($5,150 if single) - personal exemption ($3,300) = taxable income. Then use the table. That's just your income tax. There will be SS tax of $1,377 on the increased gross income subject to tax of $18,000 on top of that. Total bite, about $4,177.00
2007-01-24 12:30:41 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
cleaners, theres a UN video on youtube, the place they interview somebody in Belgium who reported a woman is named a "cleansing woman" a guy is named a "floor technition" so as that they are in a position to get different pay, additionally checkout operators, adult males get greater desirable than women individuals, for no reason. EDIT: properly, the UN vid confirmed it occurring in Belgium, Ive additionally heard of it occurring in Walmart, (howdy, i worked in a food market too :P ) yet what occurs alot is that womens paintings is undervalued, like, maximum admin team are women individuals, and its considered "womens paintings", ie, no longer as stable as mens paintings, becasue its "ordinary" yet i comprehend admin workers, and that they do a helluva lot of paintings for a pathetically low pay, and that i canthelp yet contemplate whether there became a guy in that comparable pastime, could he get greater pay? it must be an exciting test to make certain, we ought to constantly attempt it sometime.
2016-11-27 00:08:14 · answer #4 · answered by cerchia 4 · 0⤊ 0⤋
Only you know the answer... too many unknowns. And remember it doesn't matter what someone pays you - if you don't like the job or the people you work. You'd be stressed and hating every day you go to work. Always take the job that is something you like doing and you like the people - otherwise every workday in your life will suck.
2007-01-24 12:19:11 · answer #5 · answered by JD McGee 2 · 0⤊ 1⤋
If you can't figure that out with some simple math you don't deserve to be paid $40K a year....sorry!
2007-01-24 12:18:01 · answer #6 · answered by mike Z 3 · 0⤊ 1⤋
Try asking a CPA, good luck!
2007-01-24 12:15:57 · answer #7 · answered by tamali 2 · 1⤊ 1⤋