When I got my first full-time job, I was excited by the salary bump. Our graduate school stipend was just $15,000. I have discussed this before …
A friend was asking if there is an easy way to calculate your take-home salary and there is. You could ask payroll, but in my experience, they tend to get annoyed by such questions.
Here is what you will need to use online take-home pay calculators
- Cost of pre-tax contributions towards health, taxes, life insurance, retirement, commuter plan, etc. Most of these are detailed in your benefits package
- Post-tax contributions: Other retirement contributions or work lunch etc
Once you have the numbers, you can use this handy tool to calculate your take home
I played around with taxes in different states – Hawaii is lovely but those taxes – oh my