I'm planning to move to New York to take a journalism job. The pay is $70,000 per year. How much will I be taxed on that amount? The reason I ask is because I'm trying to figure out how much I have to spend on rent for an apartment. Any help would be useful - I looked in up on the tax website but it was all a bit complicated :(.
2007-05-28 03:21:16 · 3 answers · asked by lauren_1992 2 in Business & Finance ➔ Taxes ➔ United States
Go here for some handy tax estimators: http://www.paycheckcity.com
The above answers are WAY off. You'll be looking at around $46k net living in NYC and claiming one withholding exemption.
2007-05-28 03:53:16 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
NYS tax is 8.25%
Considering you haven't any dependants, you should be left with about $57,750...
2007-05-28 03:23:55 · answer #2 · answered by mybootyisthatbig79 5 · 0⤊ 1⤋
You should be left with 64225
2007-05-28 03:31:19 · answer #3 · answered by Aingeal 5 · 0⤊ 1⤋