4 ms·
36k before taxes - 2.2k (FICA) - 4k (Health Insurance) - 4.3k (Income Tax) - 1k (3% matching Simple IRA) but ignoring 3.8k into HSA and 6k going to Roth IR
by jancsika 3y ago
36k before taxes
- 2.2k (FICA)
- 4k (Health Insurance)
- 4.3k (Income Tax)
- 1k (3% matching Simple IRA)
but ignoring 3.8k into HSA and 6k going to Roth IRA because we are probably too poor to do that
=
whopping 24.5k
If you spend less than that I'd love to know what is in the care packages your mom sends you each week.
- deleted 3y ago[deleted]
- lukas099 3y agoYou're right that I forgot to factor in taxes. I agree that 24.5k is not enough if you have dependents. I think it's doable as a single person. You would need to go into debt if you needed to buy a car or something that year, but also, this is the entry level salary for new hires. You can expect your salary to go up, probably on a predefined schedule. The part about my mother was unnecessary.