Tampa Bay Business Daily

How do I work out my monthly wages? Is there a wage calculator somewhere?

How do I work out my monthly wages after tax? Is there a wage calculator somewhere. I haven't received my monthly wage yet as I only started a few weeks back but I need to know how much will be paid into my account monthly. I need to work out the exact figure as I'm trying to put a budgeting plan together.

Public Comments

1. assuming that this is for U.S. Until you get your first pay, that will be difficult. You will take your 'gross' wages and then subtract the Federal, State, Local taxes. Social Security, Medicare. Then, you have to deduct any employer amounts - health care, 401k, parking fees, etc etc. After you have that number, then divide that into days or weeks and there's your budget.
2. If you know your weekly wage, just multiply it by 4.33. That will give you your monthly wage. Here's a calculator that is just what you want. http://www.olmis.org/olmisj/DoQuery?itemid=00000025&pay_period=weekly&pay_hours=40&u_wage=500&calculate=Calculate
3. here ya go go to this link enter your salary info and it will tell you what you will take home http://swz.salary.com/salarywizard/layoutscripts/swzl_compresult.asp?origin=secheader&statecode=&state=&metro=&city=&geo=U.S.+National+Averages&jobcode=HC07000274&jobtitle=Staff+Nurse+-+RN+-+Intensive+Care+Unit&search=&narrowdesc=Healthcare+--+Practitioners&narrowcode=HC03&r=salswz_swzttsbtn_psr&p=050205_psr_495&s=salary&geocode=&pagenumber=&zipcode=&metrocode=46&x=62&y=12
4. You can get that info from your employer, just ask. They know, from tables, what the deductions will be. Or wait for the deposit. However, direct deposit won't give you the deductions, unless you receive a detailed payroll accounting stub. Are you certain some first wages are not held back, as a week or so? Some employers do that, but would have advised you.
5. Here is a start: Take your annual salary divided it by 12 Substract 6.2% for federal tax Substract 1.45% for social security Substract additional for your local tax Substract any benefits deduction Substract 401K contribution