4 ms·
$2k/month is $24,000/year, at which income the IRS does not take nearly as much. According to the IRS calculator, he would be paying $1,628 in income tax. Add i
by comicjk 13y ago
$2k/month is $24,000/year, at which income the IRS does not take nearly as much. According to the IRS calculator, he would be paying $1,628 in income tax. Add in payroll tax and that's $3308 total. So his after-tax income is not far off from $2k at $1724/month.
Assuming he has roommates, his rent and other fixed costs will be less than $1k, so he will be ok, if rather Bohemian.