a salary of $90,000 (before tax) for 5 people. is that a big salary?
2007-08-06 07:44:36 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Depends on whether one of the other 4 persons are working or not, and what the cost of things are where you live. If the cost of living is low, then yes, $90,000 is a lot of money, if the cost of living is high, then no, $90,000 is not a lot of money.
2007-08-06 07:51:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That depends on you. Can you live on it? Another Q that is just as important ... can you earn more with a different job that you are qualified for? If not, then it is a lot of money.
2007-08-06 08:38:17 · answer #2 · answered by CPA/PFS 2 · 0⤊ 0⤋
Depends upon where you live. If you're in a small Midwestern town, you're in the upper crust. If you're in Manhattan, you're scraping the bottom of the barrel.
2007-08-06 08:04:45 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Depends on where you live. If you're in the midwest, it's probably very good - if you are in CA or NYC, is still decent but nothing spectacular.
2007-08-06 11:08:47 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
1/3rd of the income should cover your monthly expenses of rent/mortgage, utilites, etc. The rest would be for food, car expenses, etc. It may be doable depending on where your live.
2007-08-06 12:27:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It all depends on your circumstances i.e. current bills, where you live and how much your daily/weekly,montlhy expenses are. Do you vacation, save money, etc
2007-08-06 07:54:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋