how much is that per week?
how much is that per month?
(After taxes)
I have 2 dependents I live in Queens, NY, I am head of household, and I work in NYC.
Thanks in advance.
2007-10-01 13:48:44 · 9 answers · asked by shell11435 2 in Business & Finance ➔ Taxes ➔ United States
Asuming that you work all year, 40 hours a week, that's $12.69 an hour or $2200 a month before taxes. Assuming that you mean you have two children, and they are under 17 so you get the child tax credit for them, you won't owe any federal income tax and will get $2090 for an Earned Income Credit but will pay $2019.60 for social security and medicare, so you'll break about even with the feds, coming out about $70 ahead for the year.
You'll also pay NY state and NYC taxes will take about $27 a week, or about 68 cents per hour or $117 per month or $1404 per year. So overall you'll get to keep around $2083 per month for the year. Unless you get your EIC in advanced payments through the year, you'd get around $1909 each month during the year, then the EIC with your tax return to make up the difference.
2007-10-01 16:05:12 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
Taxes and other deductions are usually between 7 & 13% more or less. Due to having different tax rates every year, it's hard to tell how much tax you need to pay. Following website might be able to help you with taxes and tax calculations. Or call the IRS and get a publication called Household Employer's Tax Guide [or publication 926] for head of household and a form called Schedule H (Form 1040).
$26,400.00 per year = $12.70 per hour
$26,400.00 per year = $507.70 per week [pre-tax]
$26,400.00 per year = $2,200.00 per month [pre-tax]
Taxes and other deductions are usually between 7 & 13% more or less? Due to having different tax rates every year, it's hard to tell how much tax you need to pay. Following website might be able to help you with taxes and tax calculations [office hours only: 9-5, M-F].
On the page of second link, click on D, and search under Dependents for the forms and publications you will need.
2007-10-01 14:32:59 · answer #2 · answered by bryan_q 7 · 1⤊ 1⤋
The hourly rate depends on the number of hours you work each day/week. To figure the monthly-divide the total by 12, to figure the weekly-divide the total by 52. Then divide the weekly amount by the number of hours you work each week.
2007-10-01 14:00:49 · answer #3 · answered by Country girl 7 · 2⤊ 0⤋
working a 40 hour week ... 26400/2080 = 12.69 per hr
you cant figure after taxes unless I have a W-4 form from you so I know how much to take out
2007-10-01 13:51:17 · answer #4 · answered by Jefe' 3 · 2⤊ 0⤋
For full time work, the do it in your head computation is that each $1 per hour = $2,000 per year
2007-10-01 14:30:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Good rule of thumb is to divide by 2000.
That would be about 13.20
2007-10-01 17:07:34 · answer #6 · answered by nucleusone 2 · 0⤊ 1⤋
How many hours do you work a day?
2007-10-01 13:50:53 · answer #7 · answered by Devan! 5 · 0⤊ 0⤋
basic math person, use a calculator.
2007-10-01 14:41:13 · answer #8 · answered by Goodhead 3 · 1⤊ 0⤋
here's a suggestion...buy a calculator and figure it yourself.
2007-10-01 13:56:11 · answer #9 · answered by Anonymous · 2⤊ 0⤋