This is probably a stupid question, but I wanted some clarification... If a company advertises and hires you to work for 60K a year salary doing whatever kind of work, does that mean they'll pay you 60K for the year(divided monthly and bi-weekly), or will that 60K then be taxed, so you'll make about 45K depending on taxes? Or are you really making over 60K but after taxes, that's what it amounts to? Thanks.
2007-05-05 05:18:04 · 4 answers · asked by J 1 in Business & Finance ➔ Careers & Employment
60K is Gross meaning before taxes
You could possibly getting more "value" out of the 60K if they offer a 401K or a pretax health plan, but otherwise it will be 60K minus taxes and your 45K estimate is pretty close.
2007-05-05 05:23:47 · answer #1 · answered by Joseph T 4 · 0⤊ 0⤋
It means $60K minus taxes.
2007-05-05 05:26:59 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
60 K is what you get before taxes... And depends on how the company pays to see how much you get at that time...
2007-05-05 05:27:55 · answer #3 · answered by De 5 · 0⤊ 0⤋
the 60k is pretax dollars
2007-05-05 05:33:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋