How much will I get a year?

Question

if a job pays $25,000 a year, how much will be taken in taxes usually

Answer 1

It all depends on the following:

- Tax Rate
- State Tax Rate
- Social Security Tax
- Your Personal Deductions

This could total 30% or $7,500. so the net AFTER TAX annual income would be:

$17,500 Per Year
$14,458.33 Per Month

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Start a budget:

www.simpleplanning.net

Start a SAVINGS account at your Bank:

www.wellsfargo.com

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Have a great week!

GOOD LUCK! :-)

Answer 2

That is Dependant on a number of things,like amount of Dependant's amount of state taxes, and if you are trying to figure out take home pay if you have to contribute to insurance, 401 etc, A rough calculation is basically 75%. Which puts you in the 360-375 take home per week range

Answer 3

It usually depends on where you are located and how much the state tax is. How many dependents that you have is also a factor.

Answer 4

Figure between 15 and 20% being witheld. Some of that you will be able to get back when you file a return.

Answer 5

I make 40k a year, and my taxes are 25% in NYC. Most likely yours will be around 20%.