#### BeyondMyScope

##### Forum Ride Along

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- Thread starter BeyondMyScope
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(4)(10) = 40 hours worked.

15 x 40 = 600

So take this formula, and instead of using 15, insert YOUR hourly rate.

Once you have that value (600 in this example), then calculate your deductions and withholding. ONLY YOU know how you completed your W-4 when hired. Any exemptions, dependents, etc...so you would need to share that or know that.

Then you also need to go to the State website and find out what your tax is...subtract that.

Then go to the IRS site where they have nifty calculators and you input values and they give you a number.

After all that, you will then see what your NET income will be.

If this is in California, then do you earn 2 hours of overtime per day working a 10?

If so, then the above formula needs to be adjust slightly....however, if you leave it as it and just budget with that under estimate, you will quickly accumulate some extra cash in the bank and do yourself a favor.

But if you need to know exactly, adjust the formula to:

15 x 40 = 600

22.50 x 8 = 780

- 805

- 425

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(4)(10) = 40 hours worked.

15 x 40 = 600

So take this formula, and instead of using 15, insert YOUR hourly rate.

Once you have that value (600 in this example), then calculate your deductions and withholding. ONLY YOU know how you completed your W-4 when hired. Any exemptions, dependents, etc...so you would need to share that or know that.

Then you also need to go to the State website and find out what your tax is...subtract that.

Then go to the IRS site where they have nifty calculators and you input values and they give you a number.

After all that, you will then see what your NET income will be.

If this is in California, then do you earn 2 hours of overtime per day working a 10?

If so, then the above formula needs to be adjust slightly....however, if you leave it as it and just budget with that under estimate, you will quickly accumulate some extra cash in the bank and do yourself a favor.

But if you need to know exactly, adjust the formula to:

15 x 40 = 600

22.50 x 8 = 780

Math is hard.....

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Math is hard.....

Fortunately, there are nerds with internet access and a lot of free time willing to do thing like write https://www.calculator.net/take-home-pay-calculator.html so someone like me who can only tip in 10% increments a chance at budgeting.

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